Introduction

Learn about the concept of paying points to buy-down your interest rate on a mortgage and the importance of doing the math to determine if it's a better deal in the long run.

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Episode notes

Are mortgage points really worth it? In many cases, they can save you money on a loan. But be careful; that lower rate might not be worth the cash you put up! It’s important to run the numbers before doing a mortgage buydown, and our trusted hosts are here to show you how!

Welcome to this week’s Rookie Reply! In this episode, Ashley and Tony talk about mortgage points and when they make sense for real estate investors. They also discuss cash-out refinancing in depth—how much you can pull from a property, why banks enforce a “seasoning period,” and how to potentially get around it! Looking to go digital with your rentals? Our experts list the pros and cons of installing keyless entry pads. Finally, they provide the FREE tools you can use to get updated property information!

If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE).

In This Episode We Cover:

Mortgage points and why you MUST do the math before a buydown

Seasoning periods and how long you might need to wait before refinancing

How much cash you’re able to pull in a cash-out refinance

How to choose between short-term and long-term rental strategies

Pros and cons of installing keyless entry pads for your rentals

FREE tools you can use to get accurate information about a property

And So Much More!

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