We all know it is not easy to get a loan these days, but banks have gone truly crazy. With the Fed pumping money in the banks, the banks are supposed to start lending again. Here is what I got on a refi:

at 60% LTV, 4.975 points and a rate of 6.875%. How is that for a profit? They get the money at 1.5% and give it to me at 6.875% plus almost 5 points?

I guess the CEO needs to make some money too.

Can anyone do much better these days as a stated income refi on investment property?

Thanks

Antoine