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Updated about 8 years ago on . Most recent reply

Kelvin J.'s profile image
Kelvin J.'s profile image
Kelvin J.
  • Investor
  • from Santa Rosa Beach, Florida
  • Member since Dec 10, 2013
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50
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Kelvin J.'s profile image
Kelvin J.'s profile image
Kelvin J.
  • Investor
  • from Santa Rosa Beach, Florida
  • Member since Dec 10, 2013
Connect
Kelvin J.
  • Investor
  • Santa Rosa Beach, FL
7
Votes |
50
Posts
Private Lending & Conventional Mortgage Advice

Problem with high Refinance costs

Kelvin J.
  • Investor
  • Santa Rosa Beach, FL
Posted

Hi all

I am looking to refinance my first rental as part of the BRRRR strategy but having real difficulty finding cheap finance (see below for a typical option). Even with a 780 credit score and no debt (other than the mortgage on this rental) I'm looking at $7000 closing costs. I have about $50k tied up in the rental that I'd like to release but can't make it worthwhile. Any thoughts?

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