BRRRR investors-what terms are you getting when you refi?

[Jon Robbins]

Rate: Amortization length: Balloon or no (if your refi has a balloon, what is your plan when the loan is due): LTV your bank will do cash out refi at: Type of bank (local, big bank, credit union):

[Aaron Cullen]

Local credit union
4.25%
2pts
70% LTV based off new appraised value
Seasoning 6mo
30yr fixed

I've found 3 banks with similar terms fairly easily. They key is having good credit and being able to qualify based off your current income. I recommend getting prequalified with the bank before you purchase the property.