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8 January 2025 | 8 replies
Refinancing will change your mortgage rate, and if it’s worse than your current rate, it’s not worth it unless you’re getting a great deal.
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3 February 2025 | 56 replies
were these all BRRRRs that were purchased with cash or short term debt and then refinanced?
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3 January 2025 | 7 replies
When considering refinancing, also factor in the closing costs of the new mortgage to determine if it actually helps you.
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3 February 2025 | 26 replies
For your refinancing needs, there are definitely lenders out there who specialize in DSCR loans for investors.
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17 January 2025 | 11 replies
Also, you shouldn't have an issue refinancing this once the property is stabilized.
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11 January 2025 | 7 replies
Alternatively, consider bridge loans, HELOCs, or post-purchase refinancing to preserve liquidity.
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30 December 2024 | 6 replies
@Robby SanchezBridge loans are short term and if they default or mature in many instances the interest rate doubles - so make sure you have a very solid exit planI see many get a bridge loan and realize they don’t have the 25% equity in the deal to refinance to another loan and end up getting wiped or foreclosed on because they never researched what they needed to be at on the back end when they were refinancing.
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6 January 2025 | 28 replies
Quote from @Theresa Harris: Quote from @Kevin Sobilo: Quote from @Theresa Harris: I'm in Canada where refinancing is an expensive endeavor and we generally don't do it (we have to pay out all of the interest remaining on the mortgage).
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29 January 2025 | 107 replies
If your paying cash to buy and rehab then refinancing I get that.. but your still paying for two closing costs.
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10 January 2025 | 20 replies
and if you're re-financing after rehab, can you do it via another DSCR?