Owner to conventional financing

[Raza Rizvi]

Hello Community,

I'm seeking guidance on refinancing a property with an owner-financed loan that's nearing its maturity. Despite the loan balance being relatively small at just over $100,000, the property's value has significantly appreciated to over $500,000. I aim to refinance the loan under conventional investment terms to avoid the high interest rates associated with hard money loans.

With an excellent credit score, securing a loan shouldn't be a challenge. However, I'm concerned about the high monthly payments that come with shorter loan terms. I would greatly appreciate any suggestions or advice on how to refinance this property with a more manageable payment structure.

Thank you in advance for your expertise and guidance.