We will increase our umbrella after this new property. 

Also, considering his age, his medical expenses can only increase and he may need financial support for the next 10-20 yrs.

I am somewhat aware of different options I have, like working on paying towards principal to get to a place where I can refi, increasing property value being aware of appreciation, etc.

It increases value and makes them more likely to stay since they are more “invested” in the property.

The property is currently valued around 300-350K (still need a official appraisal) in a desirable school district in Berkeley county WV along I-81 interstate with a population growth of 10.3% in 2017.

The property is currently valued around 300-350K (still need a official appraisal) in a desirable school district in Berkeley county WV along I-81 interstate with a population growth of 10.3% in 2017.

It’s appreciated quite a bit and we are now looking to extract cash for more investment before rate increases make a refi or helo/heloc detrimental to cash flow.

@Tanner Ploe the Texas Real Center (located HERE) is an incredible resource of information and they have very specific studies that in the past 40 years that 90% of the population growth in Texas has occurred within 50 miles of I-35. 

Bridgeton / Maryland Heights / Saint Ann.I'm hearing that studying where the residency rates are increasing along with understanding which businesses are establishing / expanding can be a great source of insight for understanding where the housing demand will be.Would love to catch you and some of the other local folks at a meetup sometime.

I feel like the added equity would make it more than worth the slightly higher payments for the increased value on the loan.