By: Andrea Blum Team

Refinancing can be a good or a bad idea

Tags: buyers, home, seller, real estate, toronto, Refinancing, Mortgage ,

Good Idea: When you buy an investment property, you put down a down-payment and you go to the bank for a loan. If you fix up the property (Or through market appreciation), the value goes up, you can then go back to the bank and refinance the property. This enables you to invest back in the property or in a new investment without paying capital gain taxes. However, If you were to sell that property...Read More