Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Financing in 91316 : Real Estate Advice

  • All25
  • Local Info0
  • Home Buying11
  • Home Selling1
  • Market Conditions0

Activity 1
Mon Jan 31, 2011
Andrew Luett answered:
Hi Bella,

I would assume your home in Chicago is a long term hold (more than 5 years) being that you just rented it out.

Based on the cost of borrowing money being historically low and the current prices of homes, I do think it is in your best interest and a great time to cash-out some equity and purchase a home on the West Coast.

Just did a quick quote from today's rates and determined that a 30 year fixed inerest rate on an investment, cash-out refinance to 70% loan-to-value and a 822 fico score is 5.125%.

... more
0 votes 10 answers Share Flag
Search Advice