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Updated over 6 years ago on . Most recent reply

Joe White's profile image
Joe White's profile image
Joe White
  • Property Manager
  • from Philadelphia, PA
  • Member since Nov 11, 2015

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Joe White's profile image
Joe White's profile image
Joe White
  • Property Manager
  • from Philadelphia, PA
  • Member since Nov 11, 2015
Joe White
  • Property Manager
  • Philadelphia, PA
196
Votes |
515
Posts
Mortgage Brokers & Lenders

Cash Out Refi Rate on Duplex

Joe White
  • Property Manager
  • Philadelphia, PA
Posted

Our lender is giving us a rate at 6%, which feels high to me. I get that we have the trifecta against us: It's a multifamily, an investment property and this is a cash out refi. But I wanted to get some opinions.

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Jerry Padilla's profile image
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Jerry Padilla
  • Lender
  • from Rochester, NY
  • Member since Mar 25, 2014

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Jerry Padilla's profile image
Jerry Padilla's profile image
Jerry Padilla
  • Lender
  • from Rochester, NY
  • Member since Mar 25, 2014
Jerry Padilla
  • Lender
  • Rochester, NY
1,419
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Jerry Padilla
  • Lender
  • Rochester, NY
Replied

@Joe White

It depends on your credit. I am seeing lower rates than that for clients with good credit, for conventional. 

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