Most of the time when you hear about refinancing it is usually along the lines of locking in a lower rate and/or cashing out during the refinance. You don’t read or hear much about a cash-in refinance and how the returns could really be worth consideration. My wife and I currently find ourselves about 10 years into the 5/1 ARM on our investment condo. It didn’t start out as an investment. Actually, it is an interesting story on how we even became the owners of the condo. My wife’s parents had bought it back in 2005 before the market went off a cliff during the depths of the financial crisis. They paid $257,500 for it and put about $50,000 down. …
