Cash out Refi options - Underlying mortgage is at 2.75%

[Prashant Bagri]

Hi All - I wanted to understand what options I have to do a cash out refi on my rental property?  Home is worth about $700k - and I have a 2.75% 30 year mortgage and I owe 425k on it.  I want to take some equity out of the home.  But considering the low rate on my original mortgage, and the high current rates, what options do I have to do a cash out refi and not impact the mortgage at 2.75%?

Thanks