QUOTE(propertyowner @ Dec 9 2017, 04:08 PM)
Just wondering why some property gurus always advocate to refinance (cash out to reinvest)? since it also capped by the DSR (earning capability), and makes no different if you apply a new loan, without needing to refinance.
Imagine withdrawing 100k or 200k cash after your property has appreciated, would that help finance your next property in terms of downpayment, s&p, legal fees etc?But don’t forgo doing well in your career as you climb the corporate ladder, that will help increase your income and overall ability to be eligible for more loans.
Dec 16 2017, 07:30 PM

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