favorite
favorite
hide
unhide
flag

Posted

print

What's best? Cash out refi or 2nd mortgage (Chicago)

You want to take out the equity in your rental property to use for other projects but what is the best way?
Should you do a cash out refinance? Maybe your interest rate is very low and you don’t want to give that up.
Then maybe you would be better off to take a 2nd mortgage on the property and leave the 1st alone.
Let’s discuss it and I will give you the numbers. That way you can make an informed decision.
********************************************************************************
Whether it is a refinance or a 2nd mortgage, It is a DSCR loan. Only rental income, principle & interest payment, real estate taxes, insurance and assessment need to be disclosed. No need to show your income or income taxes.
Borrow up to 75% of the value.




post id: 7748570076

posted:

best of [?]

loading
reading
writing
saving
searching