Updated over 9 years ago on . Most recent reply
Are these good loan terms?
I am looking for some input on a refinance deal that I have on the table for 4 rental properties I currently own free-and-clear. Do these terms look competitive with what you are getting? Thanks in advance!
Loan Type: Cash-Out Refinance
Number of Properties in Loan: 4
Interest Rate: 4.75% Fixed
Points Pre-Paid: 0.5%
Term: 10 years
Amortization: 20 years
LTV: 70%
Closing Costs: $1,000 each plus $350 for appraisal.