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Updated over 4 years ago, 03/04/2020

David Cornett's profile image
David Cornett's profile image
David Cornett
  • Rental Property Investor
  • from Chicago, IL
  • Member since Sep 18, 2018
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User Stats

35
Posts
7
Votes
David Cornett's profile image
David Cornett's profile image
David Cornett
  • Rental Property Investor
  • from Chicago, IL
  • Member since Sep 18, 2018
Connect
David Cornett
  • Rental Property Investor
  • Chicago, IL
7
Votes |
35
Posts
Personal Finance

Primary Home Refinance using IRRRL

David Cornett
  • Rental Property Investor
  • Chicago, IL
Posted

Given some basic numbers - is refinance recommended?

Original loan terms

30 years at 4.625%

Loan is 12 months old at this point

Refinance at 3.625%

Total cost to refinance is $6500

Currently a primary residence, but intent is to turn into rental in next 3 years.

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