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Updated about 3 years ago on . Most recent reply

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Eric Bello
  • Investor
  • California
0
Votes |
5
Posts

Refinance three units

Eric Bello
  • Investor
  • California
Posted

Hello BP, I am new to the form. I am looking to refinance 3 of my investment properties in GA. Any lender that can assist is aappreciated.

Thank you, 

Most Popular Reply

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530
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Steven Goldman
  • Lender
  • Pennsylvania
459
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530
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Steven Goldman
  • Lender
  • Pennsylvania
Replied

Eric Atlanta is a great market. Are you refinancing single family homes? How long have you owned them. Many lenders have seasoning rules regarding refinancing even if your initial purchase was in cash. Rate are rising at the moment so the sooner you act the better your rate will be. All of the properties will have to have one year leases to be eligible for most programs. A debt service coverage of 1.2 or better  will fetch a more reasonable rate. Hope that helps!

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