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      05-12-2019, 06:49 AM   #143
bimmer456
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Drives: 340i
Join Date: Nov 2016
Location: Pasadena, CA

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Quote:
Originally Posted by roastbeef View Post
Quote:
Originally Posted by Alvinized52 View Post
True... i could do a cashout refi. However, my first mortgages are all currently at 3.5% rate..which i dont want to loses. And im only using the helocs temporarily to flip houses... 3-4 mos tops at a time.
have you gotten a heloc on a rental yet? i've read that its tough. 3.5% is a great rate for a rental. i wouldn't want to get rid of that either.
Yes second properties that are not your primary residence have higher interest rates. If you plan on renting them out this could affect the rate as well.
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