Where should I be looking to get the best deals on Cash Out Refi?

[Account Closed]

I purchased a 4 plex property using a hard money loan 3-4 months ago. I was planning on waiting the 6 months and get it refinanced however Im not sure why I did not think of this earlier. I can cash out refi on my owner occ. ( fully paid for ) which the price is equivalent to the HML then use that cash to pay off the HML or just balance transfer the amount.

Total value of owner occ home is 160k. I heard this may be an issue because its under 200k many lenders do not like.

So BP community any tips or suggestion on where to find the best rates and terms. Looking for a 10yr and above. Closing cost I am open to suggestions. if under 1,500 I will just pay it out of pocket. If more I would be willing to pay a little higher interest rate as long as it comes out close to what I would of originally paid for closing.

Which would you recommend a Cash Out Refi or HEL and why?

[Manuel Angeles]

We are currently working on a cash out refinance for a rental vacation home in Big Bear Lake, and can go up to 65%-70% LTV, at ~7.5% interest on 3 year terms. As long as the property income will cover the debt service, the loan can be done.