Is it better to do a cash out refinance with a higher interest rate if the lender will go up to 80% or lower interest rate if the lender will only go up to 70%? Roughly a 1 point difference.
You're in Buffalo? Contact Trustco bank.. I just COR my owner occupy at 89.5%. They will also COR an OO duplex at 95%
This is a Non owner occupied. Trustco wont lend this far out. Thank you for the referral though.
80% @ 6 or 70% @ 5
Hold indefinitely. Use funds to eventually purchase another.
Hi Ryan, I also Looking to cash out refi on my first property which lender are you using?
Haven't made a decision yet on lender. Waiting for advice at the better Avenue to take bet yet to get any
anyone? Seems like a common question but I was not able to find a previous posting.
Since it sounds like you're holding long term, unless you really need that extra 10%, I would think it would be better to go with the 5% rate.
ok thank you guys
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