Should I Refinance My Property??

This video helps you do decide if right now is the right time to refinance. With the combination of the virus and volatility in the market, this video helps you decide if its time to refinance.

Chandler Smith has been investing in real estate for the last 6+ years. He has done dozens of loans, and in this video he helps you decide if now is the right time for you to refinance your home or investment property. Refinancing can work out to be a huge advantage or a big mistake depending on your personal situation. This video will help you evaluate your situation and make the right decision for you and your family.
#Refinance #ShouldIRefinance #refinancingmyhome #refinancingmyproperty

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[ChandlerDavidSmith]

What other questions do you have about refinancing?

[KellanJames]

It's all in the numbers! Refinancing is an magical thing if structured correctly, especially for cashflowing long-term buy and hold properties!

[jamesallenrealestate]

I agree, You have to decide how long you're planning on holding onto the property to see if it really makes financial sense. Always run the numbers!

[SteveRam]

Refinance? ...
MAKE SURE THE NUMBERS WORK!
Totally agree! Thanks for sharing.

[Officialerikledezma]

Finally pulled the trigger & am in the process of refinancing my first rental @ a 2.875 % rate. If it make sense, go for it!

[FasterFreedom]

Yes refinance! Cash is king. We are finalizing a 700k portfolio refinance next week. All tax free and cash flow goes up. High values, low rates, long terms!!!

[KAdventures]

All these points are great to consider went refi-ing in general. However, in the current state, it’s only beneficial to refi your primary home and not so much your investment today. I am trying to refi my rental property and have enquired with PNC bank, US Bank, American Heritage and Univest Bank (local), some have quoted me rates of 5-6% with $5-9K closing. Mind you I have excellent credit. Others have been instructed by their upper management to hold off giving refi until the volatile market settled. While the Fed have reduced rates, don’t assume you’re going to get a good rate on your investment refi just yet.

[ERAPst]

will it increase property tax as well if u refinance?

[wastedlifeP]

Question: currently 30yr FHA loan @ 3.75% since 2015 with PMI. 25 yrs left to pay. Should I refinance to a 20 yrs @ 2.875%? No cash out. Lending fee @ 0.469% of $190, 000 total around $1424. Other fees are standard-ish docs. Currently my monthly payment comprise of 65% interest. If refinance, monthly payment will comprise of 59% toward Principal and less towards Interest. No PMI after refinance. Save another 5 yrs off lending term. Many thanks

[tomyshaw]

I just refinanced one of my properties

[johnnybgood]

I just completed and signed the docs today on a conventional refinance of my 1st 4-plex in AZ that used to be a VA home loan. My interest rate went from 3.75% to 4.625% because it went from owner-occupied to non-owner-occupied. the reason why I did that is because I wanted to restore my entitlement so I can buy another fourplex and house hack again using VA

And on my 2nd 4plex I will be signing the documents this Monday to complete a VA IRRRL (streamline refi) no cashout but I'm taking my rate from 3.875% down to 2.75%

[erikthede]

I’ve done a few loans with Quicken and I’m pretty sure I’ve been getting a good deal they’re origination fee is 0.75% which it seems isn’t terrible (someone correct me if I’m wrong). I’m about to close on refinancing my primary residence at 3.375 with no PMI at the end of the month. Great timing too because we won’t have to pay our first mortgage payment until either April or May!

[greesyfroggy]

Great vid Chan! Such an inspiration for the young cats😍

[mardoxmark]

Hi Chandler,

Question for you sir and I hope you will be able to give me a good advice about my refinancing plans. We are currently on 30 year fixed FHA Loan of 3.5% with PMI. This is our first and only home and we have been living/paying in this home for 3.5 years now (It means we still have 26.5 years left to pay off the loan). Currently we are paying approximately $3200 a month including the PMI, taxes, insurance, etc.. we were quoted and locked in a 2.75% 15 year conventional loan and the Monthly increased to $3800 including everything(no more PMI). The total cost for refinancing is $1300 since they are giving us lender credit. Is this a good path to take. Our plan is to pay it off ASAP. We would love to keep this house. Thank you very much.

[jonathanlittle]

Am I the only one who watches all these video's on 1.25x playback speed?😂

[syguzman]

0:58 He could have canceled the refinance using the Federal Truth in Lending Act but that's only if he had chosen to cancel immediately.

[gngd]

Refinance My Property Means How many days more the bank take over my House in the Future.