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Updated over 2 years ago on . Most recent reply

User Stats

14
Posts
11
Votes
Jose Ponce
11
Votes |
14
Posts

Rental Refinancing lender

Jose Ponce
Posted

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 ? 

  • Jose Ponce
  • Most Popular Reply

    User Stats

    338
    Posts
    375
    Votes
    Jack Mawer
    • Lender
    375
    Votes |
    338
    Posts
    Jack Mawer
    • Lender
    Replied

    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. 

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