All Forum Posts by: Manju Nat

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Manju Nat has started 11 posts and replied 38 times.

Quote from @Devin Peterson:

Any reason you are seeking a conventional loan and not a DSCR? If it is owner-occupied I understand. What is behind wanting to pay off the current servicer so quickly?

I thought DSCR cannot be refi-ed into lower rates when the interest rates go down, is that not true?

0 Votes

Quote from @Jaron Walling:

12 months seasoning for conventional right now. Hmmm... no thanks.

I'd consider a DSCR like mentioned above.

What does seasoning mean?

0 Votes

Quote from @Jay Hurst:

Quote from @Manju Nat:

Hi, Any lender recommendations for a conventional refi for a duplex in Austin? I want to pay off the current lender as quickly as possible so I’d love to close on the refi within a couple weeks. I have good cash reserves, excellent credit and the property cash flows.
Thanks in advance!

@Manju Nat Are you looking to simply refi what is owed or pull out cash from the property?

Just refi.

0 Votes

Quote from @Jacob Sherman:

Quote from @Manju Nat:

Hi, Any lender recommendations for a conventional refi for a duplex in Austin? I want to pay off the current lender as quickly as possible so I’d love to close on the refi within a couple weeks. I have good cash reserves, excellent credit and the property cash flows.
Thanks in advance!

This can get done in 2 - 2 1/2 weeks . What are the numbers looking like ? How's the credit score doing ?

That sounds like a good closing time. Do you mind DM’ing me Jacob? Credit score is excellent and the property cash flows roughly $1500 per month. I owe $400k and the property is worth around $500k.
thanks

0 Votes

Quote from @Erik Estrada:

Quote from @Varun C.:

Looking for lenders who can do a cashout refinance w/o considering seasoning on a SFR in Austin, TX

Please share if you have worked with any, appreciate the help. Thank You.

Hey Varun,

There are quite a few lenders that can do this but rates are typically higher and many have 5 year prepayment penalties. I can recommend a lender that has a 1 year prepayment penalty. Happy to connect

Hey Erik, can you shoot me the name of the refi lender with 1 year prepayment penalty please? Thanks!

0 Votes

Hi, Any lender recommendations for a conventional refi for a duplex in Austin? I want to pay off the current lender as quickly as possible so I’d love to close on the refi within a couple weeks. I have good cash reserves, excellent credit and the property cash flows.
Thanks in advance!

2 Votes

I think the market value is higher than my tax assessed value so that might not help me.

0 Votes

San Antonio, Texas

Thanks for the recommendation

0 Votes

Thanks @Kyle Mccaw! I'm probably going to try ownwell this year, they charge 25%.

0 Votes

@Kyle Mccaw What % do po connor charge as fees? That information is very hidden on their website!

0 Votes