Refinancing Investment Properties

[Amanda Ferguson]

We have a few investment properties, all of which will need to be refinanced in the next year or two as they were purchased with 5 year interest only loans. They dont need rehab and all have long term renters in place.

What do most investors usually refiance with? Traditional loans dont usually work with investment properties, as far as I have seen.

Plus it seems like most refinance and even HELOC loans I have found for investment properties are running around 15-20% interest. Is that normal? Is that really what other investors have for their mortgage rate?

Needing some advice and direction please and thank you!