Updated almost 4 years ago on . Most recent reply
Refinancing for the 2nd time
Hey guys, just wondering…
Is it possible to refinance your house for the second time? I refinanced my house back in June 2021 and I thought about selling it but after the rehab and appreciation value of the house, can I still do a second refinance?
Most Popular Reply
@Javin Platon like the other reply's, interest rates are definitely higher now with no signs of dropping this year so pulling the equity doing a HELOC is probably best (seeing you have at least 20% equity) I just recently pulled a HELOC on my primary to use as a DP on my duplex im currently under contract with. Big benefit using a HELOC loan is the interest rate is lower than any conventional/DSCR loan, but also the HELOC is a variable rate, meaning the feds can increase/decrease the rates at any time (projecting to raise at least 4 times this year.