Posted on: 03rd Apr, 2009 05:42 pm
i have a investing house in dallas which i paid off with a equity loan from my primary residence. now i need cash. so thinking of refinance and cash out. what is the best way to do it? thanks!
The cash out on your investment property will be a good option, but you are going to have to stay well under 75% ltv to make it work these days.
And, expect rates 1/2 - 1 point higher than the owner occupant rates that are out there. Investment properties are always consider high risk, but even more so now.
Best of luck!
And, expect rates 1/2 - 1 point higher than the owner occupant rates that are out there. Investment properties are always consider high risk, but even more so now.
Best of luck!