314: Rookie Reply: Mortgage Points, Seasoning Periods, and Cash-Out Refinancing 101

Are mortgage points really worth it? In many cases, they can save you money on a loan. But be careful; that lower rate might not be worth the cash you put up! It’s important to run the numbers before doing a mortgage buydown , and our trusted hosts are here to show you how! Welcome to this week’s Rookie Reply ! In this episode, Ashley and Tony talk about mortgage points and when they make sense for real estate investors . They also discuss cash-out refinancing in depth—how much you can pull from a property, why banks enforce a “ seasoning period, ” and how to potentially get around it! Looking to go digital with your rentals ? Our experts list the pros and cons of installing keyless entry pads . Finally, they provide the FREE tools you can use to get updated property information ! If you want Ashley and Tony to answer a real estate question, you can submit a question here , post in the Real Estate Rookie Facebook Group , or call us at the Rookie Request Line (1-888-5-ROOKIE). In This Episode We Cover: Mortgage points and why you MUST do the math before a buydown Seasoning periods and how long you might need to wait before refinancing How much cash you’re able to pull in a cash-out refinance How to choose between short-term and long-term rental strategies Pros and cons of installing keyless entry pads for your rentals FREE tools you can use to get accurate information about a property And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Submit Your Real Estate Rookie Question! Find Your Next Off-Market Deal, with Invelo Change Your Locks with Ease by Purchasing Core Inserts Follow Emma Kioko on Instagram Books Mentioned in This Episode Real Estate Partnerships by Ashley Kehr & Tony Robinson Check the full show notes here: https://www.biggerpockets.com/blog/rookie-314 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices