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Updated over 2 years ago on . Most recent reply

Christine Wilcher's profile image
Christine Wilcher's profile image
Christine Wilcher
  • Member since Mar 26, 2023

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7
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2
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Christine Wilcher's profile image
Christine Wilcher's profile image
Christine Wilcher
  • Member since Mar 26, 2023
Christine Wilcher
2
Votes |
7
Posts
Mortgage Brokers & Lenders

Interest Rates and Points

Christine Wilcher
Posted

Hello!

I'm purchasing my 2nd investment property and working with Truist bank. They are asking for 20% down and providing a 7.1% interest rate.   They are charging me 3.389% in points! I calculated 5% in closing cost. Does this sound reasonable? Lender says if I don't take the points I then need to put down 25%. Thoughts?

Akron, Ohio
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