I would not recommend refinancing that 4-unit at all. 

I need advice! My parents own a home in near San Diego, CA it right now it’s worth about 970k. They suggested we refinance a loan of 600k with me on it. My fiancé and I make about 10k a month and the new mortgage paym...

Refinanced during the pandemic, and was able to drop the rate to <4%.

Rates will be higher than refinancing, but if you insist on keeping the first, this is a good strategy.

But even if they don't fall soon or enough, we'd be locked into our rate and can look to add value other ways until better refinancing scenarios present themselves.Investors, have you used this type of product?

I am considering refinancing the property, but I am unsure if a bank will still classify it as a mobile home.

Despite hopes for rate reductions to alleviate these challenges, banks are constrained in their ability to provide favorable terms for refinancing, leaving investors facing the prospect of contributing more equity or selling properties at discounts.Jerome Powell's Outlook and Market Dynamics: Federal Reserve Chair Jerome Powell's cautious approach reflects the delicate balance between economic stability and inflationary risks.

Refinancing doesn't seem like a good decision to me.

Only later did I decide to use leverage and refinanced with Washington Mutual.

Depending on how many units the property is and that you have solid credit and are able to rent it out, refinancing in as little as 3-6 months with a DSCR lender should be fairly easy/reasonable