[quote=flu]EA…. well for one investment property I’m trying to cash out refi… get this

Borrow $100k on an investment condo…
With 30 year fixed on 3.375% with 1.875 points (closing cost $6k)
Or 30year fixed on 4.875% with -1.551 points (closing cost $3k)…

Uh… yah…Cashing out $100k from the primary would be much cheaper..Maybe’s me think some times why even bother…But then, I guess I need to nickel and dime wherever I am…Save reserves for cases really can’t get a loan….

But yeah, I’m gonna be bending over on this one.[/quote]

Yeah, even though it’s cheaper to cash out on the primary, I agree with your strategy flu of exploring other methods. Call me crazy but there is a great psychological feeling of having your primary residence paid off. I know you’ll still have debt even if you don’t tap into the equity, I’ve always liked the feeling of having a paid off primary residence.

And I guess always good to save for a “rainy day” and be able to top into that.

You sound like you have a lot of experience with this and know what you feel the most comfortable with. 🙂