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Updated about 4 years ago on . Most recent reply

Mauricio Valverde's profile image
Mauricio Valverde's profile image
Mauricio Valverde
  • Rental Property Investor
  • from Harrisburg, PA
  • Member since Dec 9, 2020
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Mauricio Valverde's profile image
Mauricio Valverde's profile image
Mauricio Valverde
  • Rental Property Investor
  • from Harrisburg, PA
  • Member since Dec 9, 2020
Connect
Mauricio Valverde
  • Rental Property Investor
  • Harrisburg, PA
0
Votes |
11
Posts
General Landlording & Rental Properties

Refinance Personal Home - Good / Bad idea?

Mauricio Valverde
  • Rental Property Investor
  • Harrisburg, PA
Posted

Hello,

I’m reaching out because I’d like to know if refinancing is a good option at the moment.

I have 80k left in my mortgage @ 3.5% I had purchased at 160k and it’s value is 220k.

Would it make sense to refinance and cash out to pay off the loan @2.75% and use the rest of the cash to purchase a rental?

Is there anything I should be concerned about?

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