Refinance options for my 3 - family in Chelsea, MA

[Jared K.]

Not happy with my current Mortgage broker, he waited too long and gave me the runaround about cash out refinancing then left me hanging as interest rates started to rocket up. I've got a 3 family in Chelsea, MA with about 25% equity, my DTI is under 50%, I have an FHA loan and I want to free it up so I can use it in the near future again, so I want to get into a commercial loan. Need to understand if this is still worth it or even possible at current rates...my interest rate is 2.875 % so even if I get a commercial loan and stop paying mortgage insurance I'll likely need to still pay more a month than what I'm paying now, but may be worth it to free up the FHA loan for future purchases. Would love to talk to someone knowledgeable about investing and go over options with me. Any recommends?