Author Topic: Is it wise to get cash out of house equity for down payment on investment house  (Read 694 times)

Katerina

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Hello,

Need help and any advice will be appreciated!

My husband and I are thinking about buying a house to rent out. However, we don't have 20 percent  for down payment and we were advised to refinance and get the cash out to allow us the funds for that purpose. Will it be a good decision on our part?

Please, help!
Kat

SwordGuy

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How would we know that?

You have given us no data to work with.

Until you do, the answer is "Maybe."