Can I refi the rental/second home I bought last yr for a lower rate?

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Jul 16, 2021
4:53:23pm

kotacoug Truly Addicted User

Can I refi the rental/second home I bought last yr for a lower rate?

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kotacoug

Bio page: kotacoug
Joined: Jul 20, 2002
Last login: Jun 4, 2024
Total posts: 80,974 (4,700 FO)

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Messages

Author

Time

Mortgage rates are still incredibly low and now they've removed that garbage .5% "refinance tax" that was put in place

mulletino mulletYno@gmail.com

7/16/21 4:24pm

no

7/16/21 4:26pm

Email incoming...

mulletino

7/16/21 4:26pm

Hmmm…hit me up. I have been thinking of “taking some profits” from a rental.

7/16/21 4:27pm

BM sent.

mulletino

7/16/21 4:29pm

Jumbo rates still low?

Taccoug

7/16/21 4:30pm

Very!

mulletino

7/16/21 4:31pm

What if I just refinanced in March?

keilbyu

7/16/21 4:30pm

You can do it again! No penalty!.

mulletino

7/16/21 4:31pm

For him, but what about the guy that did his last note still within 6 months?

Chewie

7/19/21 7:28pm

It’s almost August. Some lenders have no penalty. Others 120/150/180 days. But you know that. 🙂

mulletino

7/19/21 7:55pm

Just got hit for an early payoff, $6k

Chewie

7/20/21 8:18pm

Ouch. I like the lenders that don’t collect even if an EPO happens. Let me know if you need some references.

mulletino

7/20/21 9:32pm

Are you licensed in CA now?

kcca

7/16/21 4:32pm

Still pending.

mulletino

7/16/21 4:33pm

ugh I just BMd you. Ignore it.

Pedant

7/16/21 4:36pm

watching this q&a reminds me of this

maxpowers

7/16/21 4:35pm

Good idea. I did it two years ago. Way past time!

Ted Lasso

7/16/21 4:36pm

no...5 or 6 over the past 10 years is enough

jwf

7/16/21 4:36pm

RE: no...5 or 6 over the past 10 years is enough

mulletino

7/16/21 4:39pm

Can I get a better rate than 2.125% on a 15 year refinanced with you earlier…

Thunderdome

7/16/21 4:37pm

you should really consider changing to 30 year fixed. with rates this low and

Gente_Boa

7/16/21 5:09pm

Smart!

mulletino

7/16/21 5:12pm

I retire in 10 years at 70…

Thunderdome

7/16/21 6:03pm

you could invest the difference and let inflation eat away at the debt.

Gente_Boa

7/16/21 6:12pm

What rates are you seeing on cash out refi?

cougarfann888

7/16/21 4:42pm

Can I refi the rental/second home I bought last yr for a lower rate?

kotacoug

7/16/21 4:53pm

I think so! I'll email you.

mulletino

7/16/21 4:57pm

Are you licensed in NV yet?

Gente_Boa

7/16/21 5:09pm

No. NV has been awful to deal with. 🙁

mulletino

7/16/21 5:12pm

Are you licensed in FL yet?

Cougblau

7/16/21 5:14pm

Yep!

mulletino

7/16/21 5:14pm

What are rates right now on on 15 yr owner occupied refinance? 30% LTV

Byu1980

7/16/21 5:21pm

loan amount? In FL?

mulletino

7/16/21 5:24pm

Are you licensed in MN, yet?

scottpete

7/16/21 8:20pm

No 🙁

mulletino

7/16/21 9:45pm

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