To Refi or to not Refi...

[Laine Furukawa]

Aloha BP’ers!

As many of you already know of interest rates lowering (as low as 3.75%). I’m wanting to know if now is a good time to consider refinancing? I have 4 properties in Dayton Ohio — 3 of them currently @ 4.25% and 1 @ 3.875%. I’ve heard it may be easier to go through a credit union rather than my current bank (old fort bank). It was also brought to my attention that I may be able to package them all together to try and get a better rate. Homes have been owned for 3+ years now, I have good credit (780-800) and stable income. Also, what kind of costs would I be looking at if I do go through with the refi?

Would appreciate any strategies, advice and credit union recommendations.

Thank you in advance + appreciate your time!

Laine 🤙🏽

[Lee Bell]

I'd be looking at how long it would take to recoup the loan fees with the lower monthly payment.