May 8, 2025 • 12 mins
In this episode of Keys to Success, Litra Simms explores the complex topic of refinancing rental properties in 2025. She breaks down the meaning of refinancing and outlines the potential benefits it could offer, such as lower monthly mortgage payments, accessing accumulated equity, and restructuring loans to fit individual needs. However, she also highlights the challenges property owners could face due to potentially higher interest rates in 2025. Litra offers in-depth insights on when it might make sense to refinance, the associated risks, and important factors to consider prior to making a decision. Additionally, she suggests alternative strategies, such as leveraging a Home Equity Line of Credit or seeking private lenders. Throughout the episode, the importance of aligning any financial strategy with individual investment goals and situations is emphasized.
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