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Updated almost 6 years ago,
Refinancing a rental using My principal home
I’m looking into ways to refinance an adjustable loan on my florida rental property. I’m considering refinancing my home and just paying off the loan, which will save me escrow costs, I believe, as well as get me a lower rate. On the other hand, I am concerned with adding so much loan balance to my own principal residence if things go south with my rental. Any thoughts or better options?