Purchase or refinance?

Refi rates on 30 yr cash out for a rental duplex? $500k value, 760+ credit score

2.875% range in 30 year

How much do you have remaining on the loan and how much do you want cash back?

2.5% for 30 year refinance or 2.675% with $1000 credit towards closing

If you think you can get me documents quickly, we could do a rate of 3.124% with P&I of $1499.

Also, I can only lend in LA so the property would need to be in LA

Only additional fees that will come at closing are the following

- $1420 origination fee: This is a set fee
- $2500 lawyer closing costs: Vary upon what title company you choose
- $530 government recording fees: Vary upon parish

Things that may be added if needed:
- $500 appraisal

quote:

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Only additional fees that will come at closing are the following

- $1420 origination fee: This is a set fee
- $2500 lawyer closing costs: Vary upon what title company you choose
- $530 government recording fees: Vary upon parish

Things that may be added if needed:
- $500 appraisal

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not worth the lower interest rate

Typically investment and cash out rates are a little higher. Market views is as “most risky” since it is not your primary property

I’m in LA.

I have no idea what my credit score is, haven’t checked in years, over 700 for sure.

House is valued at 450-500k. No cash out, just refi. Originally financed 8 years ago at 3.25 on a 30 year. Owe 300k plus about 50k on a Heloc wanna combine all into a 15 yr.