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Updated almost 6 years ago on .

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Candice Bride
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Take out a loan on equity or use money in my savings ?

Candice Bride
Posted

I bought my first rental investment 5 years ago. I can refinance to a lower interest rate and i also need to do some repairs, around $10k. Should I borrow money on the equity I have in the rental when i do the refinance or do I use money I have in my savings?