My investment property at memphis, tn is at 5pct 30 year rate. Am I able to refinance to a lower rate without closing costs since it's an investment property? Please PM me any recommendations for lenders
Hi @Abdul Azeez , if you refinance you will still need to pay closing costs. Since you are going from a 5% interest rate, I'm sure it would be worth it if you are planning to hold on to the property for a few years. You could also roll the closing costs into the new mortgage so you wouldn't need to pay the costs out of pocket.