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Updated almost 5 years ago,

Kelly R.'s profile image
Kelly R.'s profile image
Kelly R.
  • Real Estate Investor
  • from Maumelle, Arkansas
  • Member since Aug 1, 2011
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User Stats

14
Posts
2
Votes
Kelly R.'s profile image
Kelly R.'s profile image
Kelly R.
  • Real Estate Investor
  • from Maumelle, Arkansas
  • Member since Aug 1, 2011
Connect
Kelly R.
  • Real Estate Investor
  • Maumelle, AR
2
Votes |
14
Posts
Innovative Strategies

refinance at a 15 year loan

Kelly R.
  • Real Estate Investor
  • Maumelle, AR
Posted

I have two properties my primary worth 135000 and i owe 86500 . My second property is a rental , rented steadily , I owe 46500. Its worth 72,000. I have a equity line of credit of 50000 open to use. Would it be worth it to pay off the rent house with the line of credit, and then refinance with a 15 year loan and have just one mortgage?

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