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Updated about 3 years ago on . Most recent reply

User Stats

10
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2
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Brady Grubb
  • Rental Property Investor
  • Maryland
2
Votes |
10
Posts

Current Rates and Loan Origination Fees

Brady Grubb
  • Rental Property Investor
  • Maryland
Posted

Hey BP! Going through a refi / delayed financing on a property I recently rehabbed and I am just comparing numbers as they seem a little elevated even in the current times. SFH investment property.
30 year fixed / 75% LTV / total loan 265K - great credit. Interest rate is at 6.65% which seems a little higher than current rates, but loan origination fees with points total $4,253. Loan officer is a friend and has been great in terms of creativity so if this isn't totally out of line I will continue on but just wanted to do due diligence. Also curious if origination fees are often negotiated or should I leave it alone. I am located in Maryland. Thanks

  • Brady Grubb
  • Most Popular Reply

    User Stats

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    Robin Simon
    #3 Private Lending & Conventional Mortgage Advice Contributor
    • Lender
    • Austin, TX
    4,423
    Votes |
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    Robin Simon
    #3 Private Lending & Conventional Mortgage Advice Contributor
    • Lender
    • Austin, TX
    Replied
    Quote from @Brady Grubb:

    Hey BP! Going through a refi / delayed financing on a property I recently rehabbed and I am just comparing numbers as they seem a little elevated even in the current times. SFH investment property.
    30 year fixed / 75% LTV / total loan 265K - great credit. Interest rate is at 6.65% which seems a little higher than current rates, but loan origination fees with points total $4,253. Loan officer is a friend and has been great in terms of creativity so if this isn't totally out of line I will continue on but just wanted to do due diligence. Also curious if origination fees are often negotiated or should I leave it alone. I am located in Maryland. Thanks


     Very competitive rates and terms I would say

  • Robin Simon
  • [email protected]
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