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Updated almost 8 years ago,

User Stats

884
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669
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Justin Tahilramani
  • Rental Property Investor
  • Fayetteville, NC
669
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884
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Cash Out Refinance Investment Property - Are these good terms?

Justin Tahilramani
  • Rental Property Investor
  • Fayetteville, NC
Posted

Hello BP,

I'm in the process of completing my first cash out refinance and I wanted to get your take on the terms that i'm being offered. This is a tenant occupied SFR that doesn't have an existing mortgage.

- 75% LTV (appraised value)

- 4.875% fixed for 30 yrs

- 1 point origination 

Thoughts?

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