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Updated over 6 years ago on . Most recent reply

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47
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Aman A.
  • Rental Property Investor
  • Redmond, WA
37
Votes |
47
Posts

5.75% for a Cash Out Refinance Loan after rehab

Aman A.
  • Rental Property Investor
  • Redmond, WA
Posted

Hello,

I bought a property (SFR) earlier this year and completed the rehab and renting. I waited the seasoning period for the conventional mortgage (6 months) and spoke with the lender this morning. I was offered a 5.75% 0 points rate on a 30 year mortgage for a conventional cash out refinance loan.

While I know that rates have gone up in the last few months, is this still a reasonable / good rate? Or I can do better?

I have 780+ credit score, in case that info is needed.

Most Popular Reply

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9,935
Posts
10,791
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Chris Mason
  • Lender
  • California
10,791
Votes |
9,935
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Chris Mason
  • Lender
  • California
ModeratorReplied

@Brian Ellis

Here's my cheat sheet:

  • Chris Mason
  • Loading replies...