Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 29 days ago on . Most recent reply
Cash out refinance - been holding for 2 years
We are all in the same boat. I have been sitting on a great rental for 2 years waiting to refinance. Has anyone found a way to refinance and get cash out for a rate better than 7%?
Most Popular Reply
You just missed the window...
Just before the FED provided their first rate cut, DSCR loans were down to nearly under 6% with 1 year PPP at par pricing. Today, they are floating between 7.4-7.75%, depending on factors.
Your best bet is to work with a broker who watches these things daily. Once something meets your criteria, they can notify you and jump on the program to get it closed before things move around again.
Cheers!
- Nick Belsky
- [email protected]
Belsky Mortgage, LLC
14 Reviews
5.0 stars