Finally Refinanced Our Investment Property

by Dual Income No Kids on January 23, 2007 · 0 comments

Just wanted to let our readers know that we closed on the refinancing for our investment property yesterday. The total cost of the refinance was $6,700 or thereabouts. This is about $700 more than I expected, but I’m glad to have it done with. The rate is about 1.1 percent cheaper, which translates into a much less expensive monthly payment.

I’ve taken a couple of thoughts away from the process. First off, in the future I’m going to avoid exotic mortgages which increase my exposure to interest rate risk. Second, I’m also planning on avoiding costly refinances in the future. Getting out of the ARMS on our properties has cost us thousands of dollars plus a lot of logistical and administrative headache.

Best,

James

Get Your FREE Ebook

Screen_shot_2017-09-29_at_3.10.45_pm

DINKS (Dual Income No Kids) Finance focuses on personal finance for couples. While by no means financial experts, we strive to provide readers with new, innovative ways of thinking about finance. Sign up now to get our ebook, "Making Money Tips for Couples" FREE.

We won't send you spam. Unsubscribe at any time. Powered by ConvertKit



{ 0 comments… add one now }

Leave a Comment

Previous post:

Next post: