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From: Fiona W
Hi All,
I have searched the archives for this one, but there isn't the exact info. to suit what we'd like to do. We have 2 units with a P/I loan (before I knew any better!). We have dreams of refinancing these to I/O loans and using the small equity we have made to pay off some of our mortgage on our own home. Basically, can this be done, and would it be beneficial to do, or would there be too many costs involved? Would the part we use to pay off our mortgage not be tax deductible etc? Look forward to hearing from you!
- Fiona
Hi All,
I have searched the archives for this one, but there isn't the exact info. to suit what we'd like to do. We have 2 units with a P/I loan (before I knew any better!). We have dreams of refinancing these to I/O loans and using the small equity we have made to pay off some of our mortgage on our own home. Basically, can this be done, and would it be beneficial to do, or would there be too many costs involved? Would the part we use to pay off our mortgage not be tax deductible etc? Look forward to hearing from you!
- Fiona
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