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Updated over 4 years ago,
Cashout Refinance Question
Hey Guys,
I have a question, I own a property cash and I am looking to cash out refi, The property appraised at 335K and I am cashing out 190K , my closing costs are considerably high, 15K compared to closing costs I have endured when purchasing my home and another duplex. I also refinanced my home for a lower rate and closing costs weren't even close to 15K. Usually around 5k to 7k. Should i be switching lenders or is this typical for this type of cash out? Still fairly new to the real estate game so any thoughts and opinion are appreciated.