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Updated over 3 years ago,

Ihor Kucheynyk's profile image
Ihor Kucheynyk's profile image
Ihor Kucheynyk
  • Investor
  • from Panama City, FL
  • Member since Dec 15, 2015
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10
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1
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Ihor Kucheynyk's profile image
Ihor Kucheynyk's profile image
Ihor Kucheynyk
  • Investor
  • from Panama City, FL
  • Member since Dec 15, 2015
Connect
Ihor Kucheynyk
  • Investor
  • Panama City, FL
1
Votes |
10
Posts
Private Lending & Conventional Mortgage Advice

Interest rate 3.62% with 2 points

Ihor Kucheynyk
  • Investor
  • Panama City, FL
Posted

Hello BP community

I'm in the process of buying a duplex in Florida for $350K with 25% down. Lender quoted 3.62% with 2 points for investment conventional loan (non owner occupied).

I Just got a loan estimate which is showing closing costs are $18K, loan costs itself are $11K, this is the most expensive closing costs I ever had.

Is this loan a ripoff and I should shop around? I would appreciate you opinion.

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