$5k closing costs for cash out refinance?

$5k in closing costs and $1.5k in prepaids. The cash out refinance amount is $75k at 5.9% interest rate. This is for a tenant-occupied investment property.

Does this seem reasonable? Closing costs seem excessive to me, should I mandate the lender to sweeten the deal or I’ll drop her?

submitted by /u/DeafSwimBikeRun
[link] [comments]

$5k in closing costs and $1.5k in prepaids. The cash out refinance amount is $75k at 5.9% interest rate. This is for a tenant-occupied investment property. Does this seem reasonable? Closing costs seem excessive to me, should I mandate the lender to sweeten the deal or I’ll drop her? submitted by /u/DeafSwimBikeRun [link] [comments]

<a href="Read More“>View Full Article

Need More Commercial Real Estate Leads?SAVE 40% this month!

Our commercial valuation calculator was created to evaluate commercial real estate. In 6 quick steps you will know your NOI, CAP RATE, and IRR.

Now you can get your own branded version of our calculator!