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Financing is powerful. But used incorrectly, it can destroy your cash flow, your credit, and your long-term wealth. In this video, I explain when you should NOT refinance a property in South Africa, especially if you’re trying to grow a property portfolio. This video is for: Property owners with 1–2 properties Investors thinking about access bonds / equity release Anyone considering refinancing to buy their next property In this video, you’ll learn: Why refinancing can be dangerous if the numbers don’t work When bad credit makes refinancing a bad idea Why equity is NOT spending money How over-leveraging traps property investors Why having no clear plan is the biggest mistake 📌 This is Part 4 of the Property Education Series: ▶️ Part 1: How to Buy Your First Investment Property Below Market Value • How to Buy Your First Investment Property ... ▶️ Part 2: How to Improve Your Credit Score in South Africa • How to Practically Improve Your Credit Sco... ▶️ Part 3: How to Refinance Your Property Using Equity • How to Refinance Your Property in South Af... ▶️ Part 4: When NOT to Refinance (this video) Hit SUBSCRIBE to help me grow. Remember: Smart leverage grows wealth. Bad leverage destroys it.