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Updated about 5 years ago on . Most recent reply

Lincoln Selk's profile image
Lincoln Selk's profile image
Lincoln Selk
  • Rental Property Investor
  • from PLEASANT GROVE, UT
  • Member since Jul 20, 2017
  • Posts 26
  • Votes 9
  • Experience 10 Yrs
  • Investments 3
Connect

User Stats

26
Posts
9
Votes
Lincoln Selk's profile image
Lincoln Selk's profile image
Lincoln Selk
  • Rental Property Investor
  • from PLEASANT GROVE, UT
  • Member since Jul 20, 2017
  • Posts 26
  • Votes 9
  • Experience 10 Yrs
  • Investments 3
Connect
Lincoln Selk
  • Rental Property Investor
  • PLEASANT GROVE, UT
9
Votes |
26
Posts
Private Lending & Conventional Mortgage Advice

Cash-Out Refi Lender with No/Low Closing Costs?

Lincoln Selk
  • Rental Property Investor
  • PLEASANT GROVE, UT
Posted

Looking for a lender that can do a no/low-cost cash-out refi on a rental. Throwing this out to the BP Community. Curious if anyone has found an ideal/competitive option for this? Thank you!

I'm in Utah, PS! 

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Chris Clasby's profile image
Chris Clasby's profile image
Chris Clasby
  • Lender
  • from San Diego
  • Member since Dec 16, 2019
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10
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13
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Chris Clasby's profile image
Chris Clasby's profile image
Chris Clasby
  • Lender
  • from San Diego
  • Member since Dec 16, 2019
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Chris Clasby
  • Lender
  • San Diego
13
Votes |
10
Posts
Chris Clasby
  • Lender
  • San Diego
Replied

The key is to look at the merits of getting the costs down with raising the rate vs. paying them. What's the ROI on the higher payment with closing costs covered, and do you plan to be in the property that long?

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