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Curious about 3% for investment also. I plan to refinance and I'm getting ~4% for rental. I'm told this is the best deal out there. I'm in Dallas if it matters.
yes I want to reduce monthly payments.
3% for investment?? Where can i find accurate rates for investment property refinances?
Quote:
Originally Posted by fleaflicker
Curious about 3% for investment also. I plan to refinance and I'm getting ~4% for rental. I'm told this is the best deal out there. I'm in Dallas if it matters.
I just bought rental properties financing them at 3.125% with 1 point. Depending on the loan amount, if they're low (<$100K for example) you may get a higher rate like 4%. Check around, they're out there.
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You have to do the math, then consider your savings and the fees involved, and how long you plan to keep them. At 4% and planning to sell ours in less than 2 years, for us it's not worth the bother to save just $200+/month. Over many years, though, that would add up and your payments are probably a lot more than ours on just a house.
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