I purchased my first condo in 2003 for $200K and refinanced the mortgage ($130K) a month ago so my payments are $900/month (including taxes).

Since I was not the person on the loan, the bank ,(Lehmans Bros.)would not endorse the claim check regardless that I had a full notorized POA from the seller.I eventually repaired and refinanced a few years later.

Thanks to everyone for the great responses, I'm digesting every bit and reading up on the rest.I have another question, I had refinanced my previous residence with a 15-year mortgage, if I decide to rent it out, would it make sense to refinance it now for 30 years to improve my cash flow prospects?

Can I refi a rental property that I got through seller's financing even if I already have 4 mortgages on my credit report? I've heard 4/5 mortgages is the max.

I never refinanced a commercial real estate loan.

I refinanced House A to get $$ to buy House B.

It is downright scary to think that almost 1/3rd of a Trillion dollars in commerical paper needs to be refinanced or re-negotiated.

Would it be straightforward to ask my banker "I would like to look at refinancing all my existing mortgages into one rolled mortgage product?"

Hi,

I have one, and will have more, properties that I've bought with private money and will now appraise for well over enough to refinance. I'm looking for lenders who will refinance without seasoning requirements. ...

Will getting a new higher paying job adversely affect ones chances of refinancing a loan for cash out?