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Updated almost 4 years ago,

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3
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0
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Ugo Mbelu
  • New to Real Estate
0
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3
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Two property Refinance

Ugo Mbelu
  • New to Real Estate
Posted

Hi,

I'm in Southern California, and I am in sort of a pickle.

My parents bought a home in 2018. It was zoned for multi-unit so they built two new homes on the lot. They have moved into the front unit and are renting out the back unit. 

They kept the old home and my brother moved in. Now we are looking to do a cash-out refinance on the newly built property( two units), as well as refinance the previous home to bring down the payments. 

My question: is it possible to refinance both properties under one loan? If so does anyone know any lenders who do this type of deal?

Thanks,

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