BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 3 years ago on . Most recent reply
Allentown PA refinance
I have a property in Allentown PA that I purchased all cash under an LLC. I've had the property for over 6 months now and looking to do a cash out refi in the next 60 days. Should I be looking for a mortgage broker to help me out or try a local bank in the area that my property is in? Also, if you have any local banks / credit unions please post them and contact info i could use. Thanks!
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If you paid all cash you didn't even have to wait the 6 month seasoning period you could have in theory done it the day after if you would have liked. I would typically advise to find a local bank that is convenient as my guess would be most rates will be comparable to point it may not be worth extra hassle.
I started last year doing essentially the same strategy you have and while I would by no means consider myself an expert I have done (6) with 2 different banks so take my advice for what it is worth. As far as the "who" I live on the other side of the state so I am not sure how relevant it would be but I use either S&T Bank or InFirst.