Question on my first refinance

[Ryan Deasy]

Thank you in advance for your help here.

I currently own two rentals in CT and a primary residence in TX. I obtained all three using conventional financing. I am going to be picking up additional rentals in CT soon via seller financing and will be looking to refinance into a conventional loan ASAP.

Do banks view a refinance the same way they do a purchase? Specifically, are they going to be firm on 45% DTI ratio like they have been for my other purchases? It was a bit of a stretch to get this last purchase pushed through and I am worried about qualifying for a refinance if they are going to just look at it in the same light as a normal purchase.

I fully understand they are only willing to lend about 80% LTV and that is fine. I am just looking for guidance on how to qualify for refinancing as I have never refinanced anything before.

Also, any advice on which bank to use would be great also.

Thank you,

Ryan Deasy