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Plus it would be that your particular credit history grabbed a hit in the event the refinancing several independent characteristics
Come across told all of us that the rate of interest is higher for individuals who was refinancing more than step 1 property, is that real? We had been waiting to protected on a reduced price, into time are try step 3.5, we titled to lock they into the however, was advised just like the we was basically funding 2 attributes our price would be large…..were we lied in order to?
If you are money several additional services, the speed could be highest for many grounds, such you to definitely property are appointed once the an additional house otherwise money spent (both of them can not be a first residence). Or have you been claiming it is a two-unit possessions? That may enhance the speed.
There are solutions this way, however, indeed there must not be a specific laws for refinancing several financing against. that. Inquire further especially why the pace was large and let me discover.
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