314: Rookie Reply: Mortgage Points, Seasoning Periods, and Cash-Out Refinancing 101
Are mortgage points really worth it? In many cases, they can save you money on a loan. But be careful; that lower rate might not be worth the cash you put up! It’s important to run the numbers before doing a mortgage buydown, and our trusted hosts are here to show you how!
Welcome to this week’s Rookie Reply! In this episode, Ashley and Tony talk about mortgage points and when they make sense for real estate investors. They also discuss cash-out refinancing in depth—how much you can pull from a property, why banks enforce a “seasoning period,” and how to potentially get around it! Looking to go digital with your rentals? Our experts list the pros and cons of installing keyless entry pads. Finally, they provide the FREE tools you can use to get updated property information!
In This Episode We Cover:
Mortgage points and why you MUST do the math before a buydown
Seasoning periods and how long you might need to wait before refinancing
How much cash you’re able to pull in a cash-out refinance
How to choose between short-term and long-term rental strategies
Pros and cons of installing keyless entry pads for your rentals
FREE tools you can use to get accurate information about a property
And So Much More!
Links from the Show
Books Mentioned in This Episode
Real Estate Partnerships by Ashley Kehr & Tony Robinson
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-314
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