All Forum Posts by: Jameson Gowin

Trying to better understand the refinance process. By refinancing current loan to pull out equity, “owe 85k, valued around 140k” am I refinancing up to 75% of the available equity or the appraised value..? If I pull that capital back out how would that make my payment decrease, potentially as I have read..? I also have a rental that is currently paid for valued at 120k, would this be the better option to leverage against..?

Henley, I actually own a home built in that same year 1900. I am currently having new siding installed as we speak, be careful it can get costly as we were removing the previous siding we uncovered rotten wood siding from decades ago. As you pull back layers siding, electrical, sheetrock, and flooring there seems to be a trend of "always something else to repair". Good luck..

What was the mortgage payment after refi, how much will you net on that 1200..