Cash-Out Refi Rhode Island

[Sue Benzuly]

Have equity that I would like to pull out of my rental property.  Quotes rates of 6.76-7.25. 

The lower rates are ARM and will give me 80% LTV. The higher rate is conventional at 70% LTV, estimated closing costs around 16k depending on lender.

Wanted to check with the smart people here to see if these rates are reasonable.

The property will still cash flow, not worried about that.

Thanks.

Sue

[Sue Benzuly]

I did look for Heloc options, the ones I found capped at 100k, and we wanted to tale out more than that.