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Private Lending & Conventional Mortgage Advice

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Glenn P.
  • Rental Property Investor
  • Gainesville, FL
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24
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Interest rate on cash out refinance

Glenn P.
  • Rental Property Investor
  • Gainesville, FL
Posted Oct 20 2016, 13:14

I'm wondering what others are seeing as interest rates right now.  I paid cash for a property and after 6 months passed I am putting a mortgage on it.

This would be my fifth mortgage so I know that increases the interest rate a little bit (maybe?)..and also by being a cash out refi I understand that can make the rate go up as well.

I was quoted 4.75 on a 30 year conventional fixed.  Is that in the ballpark of what I would expect?  I have excellent credit, so I know that doesn't factor in.

Thanks

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