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Updated almost 4 years ago on . Most recent reply

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Maurice Smith
158
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210
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whats your small mfh investment property rate?

Maurice Smith
Posted

I started with a 6.125% feb of 2019, refi to a 4.825% January of 2020. This week i took advantage of these low rates and secured a 3.625 % on a 4 plex non owner occupied investment property. just curious to see what your intreset rate is on your investment property? My Broker says that we may have already hit the bottom, Seems like the 10 year bond has been trending up , making interest rates higher as well. On top of all that, this past wed  8/12/20 Mark Calabria  basically introduced a " Refinance Tax" of 0.5% ( half a point) on all refis! Lucky for me i barley made the cut off. please share your thoughts

  • Maurice Smith
  • Most Popular Reply

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    Ned Carey
    • Investor
    • Baltimore, MD
    12,718
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    Ned Carey
    • Investor
    • Baltimore, MD
    ModeratorReplied

    My last re-finance was at about 7%, mainly because I own properties in an LLC. That is still cheap money. The 3.625% that you got is simply unheard of historically. Be thankful you got that low of a rate and don't expect these ultra low rates to continue forever.

  • Ned Carey
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