Refinance an Investment Property

If you have an investment property, and you’re paying an interest rate that’s higher than current market rates, refinancing might be a good way to reduce your costs. Please keep in mind total finance charges may be higher over the life of the loan.

Refinancing an investment property could be a good way to cut your monthly expenses; increase the amount of monthly rent you can keep; and maximize the return on your investment. 

If you refinance, you might also be able to draw on the equity you’ve built up in one investment property to finance the acquisition of another property, or other investment opportunities.

Talk with your Norcom specialist to determine whether refinancing an investment property makes sense for you.