Hi,

Need advice from sifus.

I have 2 prop, 1 with about 300K outstanding (total value ~750k) and the other 400K (market value ~750k). I'm planning to refinance the 2nd property to pay off the 1st property, and plan to dispose it. Does this idea make sense?

No, no plans for that yet. I'm just looking at various options. Why?

Thanks for your advice. One more thing, you mentioned

"I would suggest you to get no lock in period for your refinance loan so you can quickly dispose it once the loan is disbursed to pay off your 1st prop"

I'm refinancing on my 2nd property. Why would it matter to get a no-lock in period to pay off my 1st prop? Doesnt the new loan lock in period only affect the 2nd prop?

which is better...low BR or low spread?