Investment Property Cash Out Refinance
I have the cash out refinance funded later this afternoon. It is an investment property, single family house in Storrs Mansfield, CT. Owner bought the property for $170K in 2010, current appraised at $214K. The loan process took 28 days after all the drama. In today's market, 30Y fixed conventional loan, investment cash out 4.25% rate with all the closing cost covered by Lender credit. What other deal is better than this!