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Updated about 11 years ago on . Most recent reply

User Stats

833
Posts
197
Votes
Carolina E.
  • Investor
  • NW Indiana
197
Votes |
833
Posts

HML to rate & term refi

Carolina E.
  • Investor
  • NW Indiana
Posted

I am wondering if there is a certain amount a bank accepts to do a rate/term refi? I know some banks, at least here in Illinois, have a minimum of $50K loan for a purchase. I'm looking into HML and/or private loans and then into rate and term refi's. I have looked on the forums for this question, maybe I missed it somewhere, if someone can direct me or knows if there is usually a minimum amount. I will be speaking with a few local banks and asking their requirements. Thanks in advance.

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