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Updated almost 4 years ago,
Refinance Closing Cost Payment Options
Greetings,
I am considering refinancing a long-term hold duplex which is currently cash flowing approx. $200/month. The refi would lower my interest rate by .75%. I have the option of either paying up front the $3500-$4000 refinance closing costs, or having them rolled into the new loan payment amount. Again, this is a long term hold and I am not in a rush to pay it off. I can afford to pay the closing costs in cash, but my inclination given my long-term strategy is to roll them into the payment amount. Any thoughts? Thanks.