Refinance Challenges

[Aaron L.]

Bank won't do a refinance on a property because the owner has 5 or more properties each with mortgages on them. Thoughts or ideas?

[Upen Patel]

@Aaron L. You can have a max of 10 conventional loans per individual. #1-6 you can do cash-out refi. Once you have 6 or more conventional loans, you can no longer do a cash-out refi. #7-10 can only be purchase or delayed financing loans.

Looks like you need to find a lender that works with both Fannie and Freddie.