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Is it worth refinancing an Investment property right now

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mdescamps4 Joined: 21 Jan 2009 Posts: 1 1.23 Dollars($)	Posted: Wed Jan 21, 2009 2:50 pm    Post subject: Is it worth refinancing an Investment property right now Like 0 Dislike 0 in CA? I've got a 6% for 30 year fixed rate.
jameshogg Joined: 20 Dec 2005 Posts: 10460 Location: Nevada 987.57 Dollars($)	Posted: Wed Jan 21, 2009 10:43 pm    Post subject: Like 0 Dislike 0 Hi mdescamps, There are a certain things that you should keep in mind before refinancing the property. You should remember that refinance includes the closing costs. So you will have to think whether you can pay the closing costs while refinancing the property or not. Again people generally refinance when they decide to keep the property for a longer period of time. So are you willing to keep the investment property for a longer period? If yes, then you may refinance otherwise it won't be profitable for you to refinance the property. To know more about refinancing, check out the following link: http://www.mortgagefit.com/refinance.html Thanks

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