Refi an OC duplex.... - Posted by Steve

Posted by eric on March 16, 2004 at 20:40:25:

A word of caution does the deal that you were offered expire if it is not “closed” on in x amount of days. I tried this approach before, and it took me close to a year to close the deal and ended up going back through the original mortgage broker. Everyone made promises that they could be better and faster, however they never panned out.

Also keep in mind that each one of these lenders will pull your credit report and each inquiry will temporarily drop your score.

Refi an OC duplex… - Posted by Steve

Posted by Steve on March 16, 2004 at 11:59:00:

There is a duplex owner occupied last year appraised 775k…I like to refi it cash out up to 500k no Doc…FICO over 700. I have an offer from current lender for 4.5% rate with 2k actual cost including appraisal…It is a 5 year fixed.
Is this a good deal or I could do better by checking other lenders?