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Updated almost 10 years ago on . Most recent reply

Jared Crouch's profile image
Jared Crouch's profile image
Jared Crouch
  • Real Estate Investor
  • from Austin, TX
  • Member since Aug 14, 2014
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Jared Crouch's profile image
Jared Crouch's profile image
Jared Crouch
  • Real Estate Investor
  • from Austin, TX
  • Member since Aug 14, 2014
Connect
Jared Crouch
  • Real Estate Investor
  • Austin, TX
13
Votes |
56
Posts
Private Lending & Conventional Mortgage Advice

When is a refinance to expensive?

Jared Crouch
  • Real Estate Investor
  • Austin, TX
Posted

I am planning on refinancing a rental property worth approx $200K (current loan of $108K) I would like to take out $30K in a cash out refi. The fees for this transaction are around $4500. That is around 15% of the total cachet amount. Is this too costly to refinance at this point?

I plan to use funds to purchase more units. 

Thank you in advance. 

  • Jared Crouch
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