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Updated about 4 years ago,

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Real Estate Agent
  • from Los Angeles, CA
  • Member since Sep 5, 2017
Connect
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Real Estate Agent
  • from Los Angeles, CA
  • Member since Sep 5, 2017
Connect
Account Closed
  • Real Estate Agent
  • Los Angeles, CA
1
Votes |
7
Posts
Private Lending & Conventional Mortgage Advice

Refinance - Convert 15 year to 30 Year Loan for Duplex

Account Closed
  • Real Estate Agent
  • Los Angeles, CA
Posted

Just wondering if this makes sense to refinance my duplex.

current loan is 5.5 %  (200,000 balance) monthly payments $1650

I will probably sell the duplex in 7 to 10 years.

Does it make sense to refinance to a 30 year loan and greatly lower my monthly payments ($950) since Im probably selling in 7-10 years anyways.

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