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Updated about 10 years ago on .

User Stats

45
Posts
78
Votes
Chris Cerny
  • Investor
  • Indianapolis, IN
78
Votes |
45
Posts

Need a recommendation for a mortgage broker

Chris Cerny
  • Investor
  • Indianapolis, IN
Posted

Hi all! 

I'm interested in refinancing one of my rental homes. It used to be my personal residence so it is financed at 7%, with a home equity loan as a second to avoid PMI insurance at the time I originally bought it.

When I moved out, I was hesitant to refi because I didn't want to draw attention to the fact that it is now a rental. 

home is currently rented and the rent is paying both notes, but I know there could be a better monthly amount cleared if I could refi.    Any recommendations, or thoughts would be greatly appreciated!