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Updated about 6 years ago,

User Stats

63
Posts
17
Votes
Jason Gott
  • Danville, IN
17
Votes |
63
Posts

What is the typical interest rate and terms for a refinance?

Jason Gott
  • Danville, IN
Posted

I'm looking to refinance a few properties and I'm not sure how to put this data into my BRRRR calculator. Can anyone give me a range of what to expect as far as interest rates? Also how long are the terms? I've only used local banks as of now but I'm paying a 6.5% at 15yrs. Can I do better? I have excellent credit.

I've looked at doing the guide to lenders things here on BP, but I've done the lending tree things and was bombarded with calls and emails.  I'd like to try to avoid that right now.  

Any help would be greatly appreciated.  Thank you

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