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Updated over 5 years ago,

User Stats

13
Posts
2
Votes
Daniel Griffith
  • Rental Property Investor
  • Greensboro, NC
2
Votes |
13
Posts

Closing cost on refi (BRRR)

Daniel Griffith
  • Rental Property Investor
  • Greensboro, NC
Posted

Recently I tried to Refi a condo that I have paid off. I was going to using the money to continue to BRRR my way into financial freedom. When this lending company ran my info everything came back good however they estimated my closing cost was going to be $6,500. Which is 10% of the amount I was cashing out. Is this normal? Should I try a different lending company? I don't want to lost 6,500 before I even get started. Thanks

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