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Updated over 6 years ago on . Most recent reply

User Stats

68
Posts
18
Votes
Michael Bettencourt
  • Investor
  • Highland Park, IL
18
Votes |
68
Posts

Is 5.55% for a cash out refi way high??

Michael Bettencourt
  • Investor
  • Highland Park, IL
Posted

Just today got quoted %5.55 for a %70 LVT for a cash out refinance on a 2 unit investment property in CA. Seems high being I just bought a duplex at %4.35. Thoughts?

Most Popular Reply

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17,035
Posts
13,372
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Ned Carey
  • Investor
  • Baltimore, MD
13,372
Votes |
17,035
Posts
Ned Carey
  • Investor
  • Baltimore, MD
ModeratorReplied

Why does everyone fret about a percent or so when money is dirt cheap historically. Someday you will be telling your children "you know i used to be able to get money at 5.5% and I thought that was too high!"  

  • Ned Carey
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