Has anyone done a Cash out Refi lately? Is 75% LTV good?

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What rate are you getting at 75% LTV?

Rates tend to improve as you go from 80% LTV to 75% LTV to 70% LTV and beyond. Depending on what your current mortgage is at, taking a cashout refi vs a HELOC or personal loan might be cheaper. You should explore all options and figure out what your monthly payment is in each scenario.

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Haven’t got a rate yet. It may be super high

DM if you want to discuss / want a rate quote? I work at a mortgage lender post-McKinsey and am happy to connect

75% ltv is the sweet spot for cash out rates, above that the loan level pricing adjustments hurt pretty bad.

Why are you doing a 1st lien cash out instead of a 2nd?

I’m trying to get my money back from my investment property

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