All Forum Posts by: Jeff Fountain

So here is a bit more follow up. The cash out refi would run me 5.375% and approx 5K in closing which can be wrapped in the new 30 year mortgage. I can walk away with 70% value of the home. Any follow up comments are still welcome. I value your insight. 

There is something sound about knowing I have the townhome almost completely paid for. It's hard for me to warm up to the new 30 year cash out refi mortgage but sounds like everyone seems to think that is the way to go.

I'm looking at my fourth purchase/investment property, a small single family home located on St. Simons Island, GA, I have a rental townhome in Alexandria, VA owing only 93K. The Alexandria townhomes, like mine, currently are selling for 400-410K. I have excellent credit, have three townhomes fully rented long term. Trying to decide if I should sell enough Apple stock for 15-20% down on the new property or do a cash-out refi on the Alexandria property. Thoughts?