Trying to refinance investment loans

[Suril Dalal]

I have two rental properties, one at 4.5% another at 4.2%, both on 15 year loans. (Around 12 and 14 years left on them) I’ve been thinking about refinancing to maybe lower my monthly payment/pay less interest. I called up Wells Fargo and they basically told me they aren’t refinancing investment property loans right now. I called Quicken Loans, they basically told me the same thing (after pulling my credit) they said due to the whole situation right now they aren’t able to refinance me into anything that would lower my rate or give me a lower monthly payment. I feel like I keep hearing about people refinancing? Has anyone had a similar experience? Maybe I should try smaller banks?