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Updated almost 5 years ago on . Most recent reply
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Looking to Refinance 10 Rentals Properties
Hey Guys -
Looking at interest rates these days, I'm looking to refinance 10-14 of my rental properties from current rates of 4.25-5.25% to a lower rate. I own them either individually or jointly with family/friends. They are QNR, 30-year FRM, with LTV's ranging from 30%-75%. I've spoken with several lenders but each one ends up having a restriction (such as a 4-mortgage limit or substantially similar interest rates) which creates a problem for the refinances.
Is anyone else in the same boat, and what did you do? I mean i can keep the same rates, but I'd rather save the $10-20k annually.
Thank you,
Kyle