All Forum Posts by: Logan Larochelle

Looking to do a cash out refi.. is there any banks that are recommended that has good fees/rates? Thanks

Oooo so whatever I have in escrow at the moment is mine once I refi?

Looking to get 80% in a primary residence $120,000 loan, 800+ credit score if that is any help I have a offer from rp funding at 4.875% no closing cost idk if this is good or not

I'm looking for a good cash out refi bank that people have used and was wondering what kind of rates some of the BiggerPockets community is getting on a cash out refi Should I go no closing fees or should I pay fees on a cash out refi?

Originally posted by @Harjeet Bhatti:

But you want to cash right now so your rate will be little higher what you are paying right now. I would say stick with lender this is good interest rate. 

 At the moment I'm paying 4.25% and 4.5% if I do a cash out on both properties it would free up about $80k in cash and bumb my rates to 4.65%

I'm currently in talks with rp funding in Orlando Florida. I'm want to do a cash out refi they are saying it would be around 4.65% and I have no fees what so ever... Is this a good deal and what are some of you guys getting the rate at with and without fees so I can get a idea.

Originally posted by @Harjeet Bhatti:

Add the closing cost in rate but you will get higher interest rate. Why not you take loan on new property so you don't have to pay triple closing cost. 

 At the moment I am offered a 4.65% on a cash out refi.. no fees 

My that 4.65% is a little more than what I'm paying now 

Is the 4.65 a fair deal or what are some of you guys getting for a cash out refi?

so I have 2 properties I am Possibly looking at to take a cash out refi to buy another home.. 

Is there a way to avoid the closing cost fees that it cost to take out a cash out refi? Or what is the absolute best way to take out a cash out refi and what does it typically cost for a cash out refi and the rate I should be looking at? 

I've talked to a few people Some are buying and most are staying out of the market and they are saying it's too high at the moment and they expect a possible correction soon..

Another question I have would you recommend to pull the equity out of the home and have the cash just sitting there for a deal in the future? 

Thanks for the response

Just trying to see what would be the best avenue to go. Not really looking for a o crap fund... maybe take the $50k to invest it into a 3rd property  if a property comes up for sale.. 

Or what are some avenues you took to get some cash to invest it into another property?