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Updated almost 10 years ago on . Most recent reply

User Stats

517
Posts
106
Votes
Rhondalette W.
  • Dallas, TX
106
Votes |
517
Posts

$6,500 in closing costs?

Rhondalette W.
  • Dallas, TX
Posted

this is my first investment purchase and I am wondering if the fees and interest rate sound reasonable? Or should I find another lender? I also heard that if you have too many inquiries into your credit, it negatively impacts your credit rating? 

I have been approved  at an investors rate of 5.125% and closing cost totaling $6,500.00 (seems high to me) home is $105k 

What are your thoughts? 

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