Refinance investment property - have 4 mortgagesHave three investment property with mortgages. thinking of doing a refinance on two and taking 10000 cash out of each and put it down on the house we live in and doing the HARP loan on it. I know can't do HARP on the investment property and take cash out. They would be full doc. loans. Would lower the payment of the house we live in about 150.00 per month owe about 21 3/4 years left. Would be going to a 20 yr. note. Taking 1 3/4 yr. off. The investment property we would push back out to a 30yr. note from the 22yr. left on them. But the payment would be lower. And postive cash flow from the rent higher. Is this a good idea?November 11 2011 - Post Falls00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.