Ballpark idea on interest rates for duplex?
Hello,
I purchased a non-owner occupied duplex rental property last year and have a conventional mortgage on it where I'm paying 6% interest. I'm in the process of researching refinance options with a few lenders - just to move to a lower interest rate, not to cash out any equity - and wanted to get BP's take on what current rates you're seeing.
The loan would be for 75% LTV, I have excellent credit, and cash reserves for that property. Let me know if there's any additional info I should share to get a better idea on reasonable rates to expect.
Thank you!