Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago,

User Stats

2
Posts
0
Votes
Jeff Klein
  • San Diego, CA
0
Votes |
2
Posts

Need help with refinancing and more than 10 houses

Jeff Klein
  • San Diego, CA
Posted

I have been trying off and on for over 2 years to find someone to do a refi for me. Everything starts off just fine as my income is high, my LTV is around 70%, my credit is over 800...and then whoever is helping me finds out I have over 10 houses. When they learn that fact, the deal is off--my boss/overlay/bank won't let me. I get a letter in the mail once a week, sometimes 2 in a single day, saying that I have pre-qualified for a refinance, but when I call them they say "oh, sorry, we can't help you after all."


IS there ANYONE out there that will do a refinance on what to me seems like a very low risk mortgage? Why do banks walk away from such a sweet deal, just because I have over 10 rentals?


Please help!

Loading replies...