|
I did a cash out refinance recently. Figured that I might as well with the low rates and equity going through the roof. I borrowed 50k to do home renovations. Let’s just say that I underestimated everything and should have borrowed another 15k. All in all it was pretty easy. I should be able to get a good 150k more in equity with the 50k I invested in to the house. I might even consider selling after the renovations.
|