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Updated almost 5 years ago on .

Mitchell Ridge's profile image
Mitchell Ridge's profile image
Mitchell Ridge
  • from Bend, OR
  • Member since Jun 3, 2019
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13
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Mitchell Ridge's profile image
Mitchell Ridge's profile image
Mitchell Ridge
  • from Bend, OR
  • Member since Jun 3, 2019
Connect
Mitchell Ridge
  • Bend, OR
10
Votes |
13
Posts
Buying & Selling Real Estate

High Cost Mortgage workaround?

Mitchell Ridge
  • Bend, OR
Posted

Has anyone out there ran into this issue? I'm seeing houses with great cashflow, and I can afford the 20% down but the closing costs end up being greater than 5% of the loan total. Any recommendations on how to get around this? I am considering BRRRing these, but I may still run into the same issue come refinance time. Any input is greatly appreciated.

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