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Updated over 5 years ago on . Most recent reply

Patrick Vos's profile image
Patrick Vos's profile image
Patrick Vos
  • from Waconia, MN
  • Member since Feb 19, 2018
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14
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Patrick Vos's profile image
Patrick Vos's profile image
Patrick Vos
  • from Waconia, MN
  • Member since Feb 19, 2018
Connect
Patrick Vos
  • Waconia, MN
4
Votes |
14
Posts
Private Lending & Conventional Mortgage Advice

Refi from ARM to fixed with LLC

Patrick Vos
  • Waconia, MN
Posted

Hey Gang-

I have a quick question for the community. Is it possible to refinance out of a ARM that was taken out through our LLC into a fixed 30 yr note again through the LLC? This would be one note covering two duplexes.

My current banker is telling me that this would need to be a comercial loan and has to remain an ARM.

Any feedback is greatly appreciated.

Thanks.

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