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All Forum Posts by: Samuel Andrade

Samuel Andrade has started 1 posts and replied 2 times.

Hey @David M. thank you for your great response. That is a great explanation to refinance. And yes I would love some recommendations and what to be looking for in a lender also. Have a blessed day!

Hey there! So I came across this subject to deal that needs some rehab and I have a question in regards to refinancing later. I will be taking over the payments and there's a balloon payment in 5 years. When refinancing, the previous owner's mortgage, does it usually require a new down payment for the refinance? Also, do they usually lend 70% of the ARV? Thank you in advance 🙏