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Updated over 4 years ago, 09/25/2020
Cash flow vs. Interest rate
Hello,
Currently I have $150 cash flow monthly from a rental property with interest rate 3.0%, and I would get >$400 cash flow if I do refinance (of course, higher interest rate for sure). What would you do? keep as it is or refinance for more cash flow with extended payoff period?
Thanks for your input!