A few refi questions about an investment property

[Ayana Morali]

Hey all, I'm looking to refinance my property in Brooklyn - it's been 10 years since I bought it so my interest rate is astronomical compared to today's options. I have renters in there now and when I bought it I lived there so I'm sure I won't get as great a rate as if I still lived there but I think it'll prob still be better than what I have (4.875.

I have a few questions for the group - this is my first time refinancing...

- Is it better to go through a mortgage broker or to call around/use bankrate.com to individually reach out to lenders

- When bankrate lists "zero upfront fees" what does that mean? Are there still other closing costs to estimate with a refi? How do I calculate those extra costs?

- Anything else I should know or look out for in this process?

Thanks all!