Select told all of us your interest was large for folks who is actually refinancing over step 1 property, would be the fact correct? We had been would love to protect at the a reduced rate, into the time is actually is actually step three.5, i entitled so you’re able to lock they in however, was basically told given that i was basically investment dos features the speed could well be large…..was in fact we lied to help you?
When you are resource a couple of some other properties, the rate would be higher for a lot of explanations, including you to definitely property becoming designated since an extra home or investment property (both of them can’t be an initial quarters). Or could you be stating it’s a-two-device property? Which could boost the price.
You can find options by doing this, but truth be told there must not be a particular laws to https://paydayloanalabama.com/decatur/ own refinancing a few fund versus. one to. Inquire further particularly why the speed is large and you may i’d like to know.
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