All Forum Posts by: Lyndon C.

@Ryan Foster 

That loan rate of 5.85%/20% down seem high to me... 25% down usually get you way down in rate, but I understand you wanting to put minimal down up front, but even so I think you can get better rate than that.

The reason is I just closed two homes in past few weeks in the Phoenix area, and my rate is at 4.625% w/ 25% down and some 800 credits from a big bank.  With 20% down, the rate will go up a bit, but not to that degree I feel.  This is an investor property mortgage and I was quoted ~4.125% if I were to say it's a second home.

Hi @Nicholas!

I have a newbie question related to cash-out refinance.  

Many investors seem to use hard cash from somewhere to get homes at below market discount, do a little fix-up then rent and/or flip.  Then they take equity out of the property to invest in another home.  In that scenario, with the latest tax laws, would the interest from the cash-out refi be tax deductible?  I have read somewhere that the interest is deductible only if the cash-out refi loan was used to remodel the home.  

Thanks in advance!