HI all, just had a question about some refinance options. I currently own a home that my mother is living in, and while she's covering most of the mortgage my interest rate is very high (nearly 5%) due to a mistake on...

One of my rental properties has some equity on it, I am thinking to do refinance and take out the extra equity, is it call cash out refinance ? Is cash out refinance interest rate will be higher than refinance ?

Hello, I have a question on the BRRRR. I was looking into using the BRRRR strategy. I spoke to the lender I used for the previous deal and she told me that you have to wait 6 months before refinancing and can only get...

I currently have an investment property with 4% 30 yr fixed. With 75% LTV, I can get around 65K cash out from it. When i look to refinance, I see that for cash out the rates are slightly higher. At 4.5% I get huge cre...

Hello everyone,I am relatively new to investing and looking to purchase first property.  I live in the greater New York City area and found a condo that I am interested in that is in New Jersey, just a short drive awa...

I was told the following, could someone confirm or deny this is accurate?If I pay cash for a home, rehab, rent, and go to refinance Fannie/Freddy guidelines will require me to keep 20% equity/my own cash in the deal r...

Hi There. This is my first BP Forums Post.We own a duplex and have lived in one side for 10 years. Only a few months the entire time without a tenant paying a full rent. We bought in 2010 in northern Illinois where th...

Is there a difference between a refinance and a cash-out refinance or is it the same thing? I am confused here. Are all refinances actually cash-out refinances? Are the terms synonymous? Can someone please explain th...

Hello,This might be a newbie question but here's my current situation. I am planning to refinance my rental property (due to low interest rate environment). I bought the property in 2019 and got a 4.125% rate. I notic...