BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 2 years ago on . Most recent reply
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Rental Refinancing lender
I was in the process of refinancing my rental property's. I have a large portfolio of rentals. The lender I usually go through is Visio Financial and was given a much higher rates and entire 1% from 6% to 7.125% payment went up by $260. I was told by point of contact at Visio there terms changed as of Monday . Anyone have any other lender they have recently worked with or cam across the same issue ?
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Jose, the market is rapidly changing and is volatile at this point in time. As the fed continues to raise rates, expect to see rates fall in the 7's for these types of loans.