March 6, 2008
Refinance Your Home to Buy Investment Property - A Good Idea?
Would-be investors often ask whether or not it s a good strategy to refinance their home in order to purchase investment property. The answer is a definite: maybe, but it depends upon a variety of factors.
Risk
Whenever you take on an investment property by borrowing the money to get it, you re assuming a risk that the cost of borrowing that money will outpace the property s income, which can cause severe negative consequences over time.
HELOC
Sometimes it makes more sense to take out a home equity line of credit…
Refinance Home Loan
