All Forum Posts by: Freddy Hernandez

@Curt Davis @Andrew Postell Thanks a lot guys. Really appreciate the insight, but I do have a follow up question. There are a lot of options for lenders out there and the bank I currently have my mortgage with is not the most reputable or largest bank. That being said, where have you guys seen the best deals/rates? Large bank? Small lender? Credit Unions? I know a lot depends on the state of the market, but I want to develop a rapport and a relationship with a lender for any future purchases and/or refinances. Thanks!

Hey Guys,

Pretty new to this page and to rental property management in general. I purchased by first rental property about 2 years ago and have been renting it for just about 18 months. I've educated myself as much as I can on how to make it more profitable and how to set myself up for smooth transition into a second rental property. However, because I was fairly young and did not have much of a credit history at the time of the purchase, the interest rate on my current property is not great so I would like to refinance. Before going to a real estate agent, lender, or commercial bank, I wanted to see if anyone had some pointers. Would you recommend refinancing before/after purchasing another property? Or should I look for a lender that would finance a new property along with refinancing my current one?

My debt to income ratio, payment history, and credit score are all in very good standing. I can provide specifics if needed.

Thanks!!