Can anyone out there help me ? I wanted to refinance my home and found out the Texas has very strict laws about this. The company I am working with is not from texas and quoted me an interest rate pf 9.75%
That sounds very high to me . Does anyone know of a mortgage company here in Texas that has better rates for refinancing ?
I don’t see how anyone can answer that question for you as there are too many variables that affect rate. The rate can be anything you want depending on all the other variables. Here’s just a few…
amount of documentation provided
type of loan
points and origination fees paid
Yes, you can shop around and yes, you probably should.
I work for him now! I used ICAP last year on my first deal and then called them for the house I just bought in March. He thought I was a good detail person and he needed someone to help make sure all the details on the files were done. He is a great person to work with - and knows how to make virtually any loan work, so I figured he would also be good to work for. So I kind of went backwards from what many aspiring full-time investors do, I guess! I looked at it as an opportunity to see how the financing end of it worked, add $$ to my RE Investment stash, and meet some people in various capacities involved in RE Investing (Realtors, Appraisers, etc). So far it’s working out - but I had forgotten how hard a full time J-O-B was!!!