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Updated over 4 years ago,
Any luck with the refinance applications
Hi Bigger pockets community.
I am a landlord based in PA and have a 20 unit multifamily residential property in OH. I also have three smaller MF properties in PA.
I have been facing challenges in refinancing the property. The property is a strong cashflow machine despite COVID-19. I have excellent credit. I have very well documented quick book organized financials for the property. I have provided all the required documents to my OH based mortgage broker in February, 2020. I still dont have any line of sight into when the things will start moving on my application.
I dont know if my mortgage broker is bad, giving me the run-around or things are still jammed up in the banking pipelines due to the PPP loans and EIDL grants etc.
I was wondering if you have the same experience with your applications. If you have had a better luck, do share with this community!
Thanks- Raj