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Updated almost 9 years ago on . Most recent reply

Mark Davis's profile image
Mark Davis's profile image
Mark Davis
  • Property Manager
  • from Waterville, Vermont
  • Member since Jul 12, 2014
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Mark Davis's profile image
Mark Davis's profile image
Mark Davis
  • Property Manager
  • from Waterville, Vermont
  • Member since Jul 12, 2014
Connect
Mark Davis
  • Property Manager
  • Waterville, VT
0
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3
Posts
Buying & Selling Real Estate

refinanceing a rental property

Mark Davis
  • Property Manager
  • Waterville, VT
Posted

Hello, I built a house three years ago that I currently rent. My plan was to refinance into a 30 year mortgage and pull some equity out for my next real estate deal. My bank has told me that since I put the property under my LLC I can only apply for commercial loans with much shorter terms. Is this a common thing or is it worth looking at other banks for a normal mortgage?

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