We’re ending 2019 with historically low mortgage rates. This means there’s no better time than now to refinance your mortgages. It’s especially a good time to refinance a rental property. In fact, the more residential property you have in your portfolio, the more money you can make right now.
Making money is the easy part though. Many people see the immediate returns of pulling equity out or erasing credit card debt. But these moves can have detrimental effects in the long run. It’s important that you refinance for the wrong reasons. Otherwise, you may just end up back in the same place you’re already at but with one less option.