I guess this is a perk of buying at the peak of rates now that the Fed wants to reduce rates in the near future.

If you do not want to do that, then you would have to ask the seller to reduce the purchase price by that dollar amount.

@Michael BaumI believe they noted to be another 1/2 point and down to 4.5 by end of year, 3.5 by end of 2025 and 3 by end of 2026.Again mortgage rates are closerly correlated to 10 year not short term rates - so we can see how that reacts and how investors price the 10 year to gauge mortgage ratesI think people think rates will drop tomorrow but the last month rates have been dropping knowing the fed was reducing rates

A cash flow study should be performed to ensure that the refinance does not drastically reduce the property's return.Good luck!

I'm fairly confident from reading online we don't qualify for an exemption, but I'm trying to assess actual closing costs to trying and reduce them All details:Bought the house 2.5 years ago for $980K (left on mortgage $753K), we have a clause for an assumable mortgage for me to take over (I can keep same rate).

This allows you to get an RFC (tax ID) and report your income on platforms like Airbnb or others, reducing the tax rate to 8%.

Anyone you hire is merely there to reduce the burden on you and make your life easier, you are still the one in charge always always always.

It's been my experience that adding that to the lease has greatly reduced complaints from the City/neighbors.

Unresolved code violations, such as unpermitted modifications, could impact your ability to refinance or could reduce the property's appraised value, affecting loan terms.

Honestly it’s all about opportunity cost.If that additional cost is going to yield you more than it costs; then pull the trigger .If you borrow a down payment, it’s going to reduce your cash on cash return as your mortgage payment is increased.