Refi Cash out at 3.5%? Perfect credit

[Marie M.]

Does a 3.5% cash out rate on a refi with excellent credit and excellent income/debt ratios sound like a reasonable deal for right now for a long term investment SFH rental? Also paying a point to get that. Thanks for any insight on this. I don't have time to call a million places and the big one that just became RocketMortgage won't give a quote without all the verification up front which is a no-go for me personally. I experienced a bit of a bait and switch issue with the lender I was referred to who I'm moving forward with and am second guessing a bit. I'm at the point where we locked in the rate but I haven't signed anything yet.

[Stephanie P.]

@Marie M.

You're at 73% loan to value.  That's a decent rate, even with the cost of a point.