Ease of Taking a Cash-Out Refinance

[Joseph Jackson]

Hello all,

I was wondering if anyone could give any insight into their experience with taking out a cash-out refinance, either on their own home that they live in, or an investment property they own (would love to hear from both perspectives).  Looking to judge merits of going this route, how easy it is to attain (i.e. what rates to expect from bank, what Loan-to-Value likely to get from a bank, how this impacts Private Mortgage Insurance, how streamlined the process is, etc), so as to help determine whether this makes sense versus a Home Equity Line of Credit, or just selling the property and reinvesting the cash, avoiding the tax of doing the sale by assuming the property I'm selling is either my primary residence or an investment 1031 exchange (in my case, both apply, with different properties)

Thank you!