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Updated about 4 years ago, 12/11/2020
Lender Questions - refi and hard money
1. Are there any lenders that can do a cash-out refi on a brrrr investment property that has less then 6 mo seasoning?
2. I've recently been given an estimate on a hard money loan. The lender is asking for $2,300 (lender fee) + $600 (appraisal) + 2% of the loan up at an estimated 9-11% interest rate. Do these numbers seem typical? I believe the rate is fine, and the 2% fee, but I'm more skeptical about the $2,300 fee. Thanks,