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Updated about 6 years ago on . Most recent reply

User Stats

24
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2
Votes
Lucy Smi
2
Votes |
24
Posts

Is this good rate: 3.5% with paying 2.5 pts

Lucy Smi
Posted

Is this a good 30 year rate to lock for 60 days?

Amount: $210k, 25% down on a 2-unit mfh.

3.5% and paying 2.5 points

The lender doesn’t allow wrapping the closing costs and points into the loan. I was a bit surprised.

Most Popular Reply

User Stats

884
Posts
670
Votes
Justin Tahilramani
  • Rental Property Investor
  • Fayetteville, NC
670
Votes |
884
Posts
Justin Tahilramani
  • Rental Property Investor
  • Fayetteville, NC
Replied

No, sounds terrible to me. You should be in the low 4's with 0 points. 

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