3 ms·
You can do a cash out refi and invest into other higher yielding cashflowing assets. People do this all the time for e.g. renovations, additions etc
by adam_arthur 4y ago
You can do a cash out refi and invest into other higher yielding cashflowing assets. People do this all the time for e.g. renovations, additions etc
- CincinnatiMan 4y agoYou eventually have to pay that back though, right? So the benefit is fleeting.
- adam_arthur 4y agoIf you cash out refi at 3%, and invest into 6% yielding asset, then you are permanently making 3% extra return on that money. (of course there's risk etc)