Rental Property Investor · Charlotte, NC · Member since 2013 · 491 posts · 253 votes
5y
@Ryan Copeland - at the time, a lot of places had shutoff cashout refi on investment properties and was better than my normal mortgage broker could get me. It was 3.75% on a 30 year, no points and cash out up to 75% LTV. The appraisal came in higher than expected and we were able to bump back up to the 75% LTV. They have online quoting that doesn't make you jump through all the hoops which is nice as well. (I have no affiliation other than being a customer)
Rental Property Investor · Massachusetts - New Hampshire · Member since 2017 · 12 posts · 3 votes
5y
I'm in the process of getting approved for cash out refi on a 3 unit investment property. I was getting frustrated with the local banks so I contacted a local Mortgage Broker in NH. They quoted me 3.625 with one point 70-75% LTV (Can't remember the exaxt LTV). Mortgage Brokers shop multiple lenders.