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Minnesota Real Estate Q&A Discussion Forum
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Updated about 3 years ago, 10/04/2021

User Stats

5
Posts
10
Votes
Matthew Rhoades
10
Votes |
5
Posts

Cash out refi - Lender recommendations

Matthew Rhoades
Posted

Hey BP, I’m doing some lender shopping for cash out refi rates and would like to hear any recommendations. Looking to take the money and ultimately use it for a second investment property.

I’ve submitted one application with the lender we just used to close our primary residence in TN because we have a good relationship (he’s now with Guaranteed Rate) but I’ve read there’s benefit to making some local lender relationships since the future of my investment will probably be in MN.

User Stats

547
Posts
294
Votes
Grant Schroeder
Pro Member
  • Lender
  • OR ID AZ CA WA CO NV TN
294
Votes |
547
Posts
Grant Schroeder
Pro Member
  • Lender
  • OR ID AZ CA WA CO NV TN
Replied

@Matthew Rhoades is this an investment property cash out in TN or MN?

  • Grant Schroeder
  • User Stats

    76
    Posts
    52
    Votes
    Mike Moe
    Agent
    • Realtor
    • Minneapolis, MN
    52
    Votes |
    76
    Posts
    Mike Moe
    Agent
    • Realtor
    • Minneapolis, MN
    Replied

    If you are looking for local lender in MN who is investor friendly (and an investor himself) connect with @Tim Swierczek.

    • Mike Moe
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    User Stats

    5
    Posts
    10
    Votes
    Matthew Rhoades
    10
    Votes |
    5
    Posts
    Matthew Rhoades
    Replied

    @Grant Schroeder Sorry, I realize that I wasn’t very clear on the details. The Cash Out Refi would be an investment property in MN. Thanks @Mike Moe, I’ll shoot him a message!

    User Stats

    1,800
    Posts
    1,389
    Votes
    John Woodrich
    Pro Member
    • Flipper/Rehabber
    • Minneapolis, MN
    1,389
    Votes |
    1,800
    Posts
    John Woodrich
    Pro Member
    • Flipper/Rehabber
    • Minneapolis, MN
    Replied

    I also recommend @Tim Swierczek

  • John Woodrich