Bifalgorithm post

The advantage of refinancing is that it allows you to access the capital without paying the taxes. So you don't have to incur all these extra costs. You can still get to enjoy the future appreciation of the property. But now you're able to tap into the property and take the money out and with minimal amount of essentially minimal amount of tax implication. Now there is another video that I've done in the past to explain the tax implication of refinancing. There could be some tax implication. So it may or may not trigger that tax implication, but for a majority of the people who own their properties in personal name, chances are there is minimal refinancing implication other than the interest deductibility of the new equity that's being pulled out. And other pros of refinancing is that you can choose to, there is flexibility of your refinancing. You may be refinancing just simply to lower your interest costs.

The advantage of refinancing is that it allows you to access the capital without paying the taxes. So you don't have to incur all these extra costs. You can st…