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Updated over 6 years ago,
Cash out Refi - Loan Fees and Costs, What is reasonable?
What amount of fees are expected these days in a cash out refi? How much is reasonable when it comes to loan fees? I had planned to do a cash refi on one of my investment properties, but the fees are too high. With the appraisal paid for and done; at 75% LTV, I am only gonna be getting around $68k in cash but the estimated closing cost is $5,522. (Includes $4,720 in loan cost and other fees). This figure does not include another $1757 for Homeowners insurance and taxes which is a given. Is this reasonable?? Any inputs is very much welcomed! TIA