Should I Refinance My Rental Property?

Model A Refinance Using the Real Estate Financial Planner Software

To model a refinance:

  1. Make a copy of the  Scenario
  2. Make a copy of the “Already Owned” Property.
  3. Edit the copy to change the interest rate and loan balance and payment.
  4. Add the “refinanced” version of the property to the new, copied  Scenario replacing the one that was not refinanced.
  5. If you're modeling a “cash out refinance” add the amount of cash you received to your bank account.
  6. Rerun the  Scenario and compare the two using the  Charts.

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