We need info on mortgage cash out refi since we are interested in buying more AirBnB properties. We plan to leverage equity in one of our properties which is also our primary home. We have 4.25 years left on a 15 year mortgage with $90k remaining at 2.75% interest. The refinance rate is 2.85% with $10k in closing costs and fees and $5k for escrow. The property was appraised at $480k and we are thinking if this is worth taking. by realestateinvesto... from Malibu, California. Apr 6th 2022
Have you look into a Home Equity Loan or a Home Equity Line Of Credit instead?| John Burke | Senior Mortgage Banker | Lending in ALL 50 states |Stride Bank | jburke@stridebank.com | (877)228-9069 | NMLS# 787231 |
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