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Updated over 4 years ago on . Most recent reply
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Are These Loan Terms Competitive?
Wanted some BP wisdom. I'm looking into doing a cash out refi to get some capital to put toward my first investment property.
I have excellent credit. I will be doing 80% LTV on a 30 year fixed rate at 3.25%. My home is worth approximately $400k. My estimated closing costs will be about $3k.
the terms of the loan sounded competitive. Am I getting good terms or should I continue shopping around? This loan would be through Amerisave. Thank you,
Most Popular Reply
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I certainly wouldn't try to wait and get another 1/8 of a point and risk rates going the other way