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Updated over 4 years ago,

User Stats

217
Posts
65
Votes
George Smith
  • Investor
  • Latham, NY
65
Votes |
217
Posts

Banking Refinance Question

George Smith
  • Investor
  • Latham, NY
Posted

I am looking to purchase another rental and want to make sure I know where I stand with my refinance options after I rehab and rent it out from an initial cash purchase. 

There are the following questions I plan on asking banks. Am I missing anything? 

Rate?

Min ltv?

% of rental income used in calculation?

Season requirements?

Is the refinanced based on appraised amount? 

Closing costs? 

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