All Forum Posts by: Brian B. Simmons

If you own a multifamily investment property, there’s a good chance you’re always on the lookout for ways to maximize your return on investment. Refinancing your multifamily property is one way to do so.

If you can refinance into a mortgage with a lower interest rate, you can likely lower your monthly payment. This means more of the money you receive each month from your tenants can be retained for other uses.

How do you go about refinancing a multifamily property—and how do you make sure it’s a good idea?  Read the full article here.

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Hi @Lars Bell,

If you're still looking for a commercial lender, Ask a Lender might be able to help. Using our commercial real estate lender search, select "Mixed-Use" under Property Type and use the advanced search menu to fill in the rest of your loan details:

www.askalender.com/find/commercial-purchase-lenders

You may also want to check out our list of Chicago's Best Mortgage Lenders of 2018:

www.askalender.com/best-mortgage-lenders/il/chicago

I hope this is helpful,

Brian

A cash-out refinance isn’t like a traditional refinance, where the homeowner refinances to lower the rate, shorten the loan term or convert from an adjustable-rate to a fixed-rate mortgage.

Instead, a homeowner is tapping into a home’s equity to take cash out.  to find the refinance conditions you are eligible for, and  to read the pros and cons of a cash-out refinance.

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@Joel Bouma,

Ask a Lender may be able to help you find a refinance lender for this property. Using our mortgage refinance lender search, enter your numbers and check the box for "20-Year Fixed Rate" under Rates, Terms & Features in the advanced search menu.

I hope this is a helpful resource – please let me know if you have any questions regarding Ask a Lender.

Brian

One way to get started in real estate investing is through vacation rentals, which are short-term rentals typically situated in popular vacation destinations.

 for a guide to getting started in vacation rental investing, covering everything from acquiring a property to marketing it successfully.

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When it comes to purchasing, renovating and then renting out or reselling a residential investment property, one of the more important considerations is securing an investment loan. 

Whether you’re dealing with traditional banks or hard-money lenders, you should be aware of borrower requirements. Read the full article here.

#BorrowWisely | Ask a Lender

Hi Paul,

Ask a Lender could be a great resource for your client seeking GAP funding. Using the home construction lender search, enter your client's loan preferences in as much detail as you can. Ask a Lender will generate a list of potential lender matches who you can contact immediately.

www.askalender.com/find/home-construction-lenders

I hope this is helpful. Please let me know if you have any questions regarding the lender searches.

Brian

Hi Jay,

Ask a Lender can help you find financing for these 3 mobile home parks. Using the commercial real estate lender search, select "Mobile/Manufactured Home Park" under Property Type in the main menu, and be sure to check the box for "Blanket Loan, 2-9 Properties" under Loan Scenario in the advanced search menu:

www.askalender.com/find/commercial-purchase-lenders

I hope this is helpful! Please let me know if you have any questions regarding Ask a Lender.

Brian

@Ayo O.,

Ask a Lender can help you find a hard money lender for your Houston 4-plex. Using the home mortgage lender search, select "Triplex/Fourplex" under Property Type and "Rental/Investment Property" under Property Use in the main menu. In the advanced search menu, check the box for "Short Term/Hard Money" at the very bottom of the Rates, Terms & Features section:

www.askalender.com/find/home-purchase-lenders

Hope this helps,

Brian

It takes time and discipline to build, or rebuild, credit. However, you can make good moves that will eventually make a big difference in boosting your score. Read the full article here.

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