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Updated almost 5 years ago on . Most recent reply

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2
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0
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Sandile Tyini
  • Rental Property Investor
  • South Africa
0
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2
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Consolidating several mortgage loans into one

Sandile Tyini
  • Rental Property Investor
  • South Africa
Posted

I have 5 properties: my family residence and 4 rental properties. My banker suggested that I consolidate the loans on these properties into one loan at the estimated current value of all the properties. That way I will have some liquid equity which I can draw on any time to make new investments and to finance any other operational costs. I would like some comments on whether this is a good idea. Please advise.

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