Landon Graff
Buying vs. refinance
My current interest rate for my personal home is 4.25%. we would like to buy another property as a personal home. So we have two options.1. Refinance at about 2.8% now. If we do this we can't buy a personal home for 1...
Jeff Plotkin
Refinance Options Available?
I’ve done a lot of shopping around for a cash out refi and the best I’ve found with no seasoning requirements is giving me a rate of 6.75%. Is this higher than expected? I am refinancing the property with a LLC so I o...
Kamren Gallon
Refinance Help NEEDED
I'm trying to refi one of my rehabs and my local bank is giving me a hard time right now because they've tightened up on refinancing due to COVID. This is my 7th rental property and the first time I'm having trouble. ...
Shane Brooks
Refinance Appraisal Waivers
Hello, I am looking for advice/clarification on an appraisal waiver for a rental property refinance. Originally, I was working with a mortgage broker to refinance three rental properties. The appraisals were ordered a...
Erkan Gungor
Multifamily refinance question
I have a property that I am excited about and I believe will appraise for 1,050,000 after $100k of rehab. I have financing in place but at a high rate of 11%. I will be 750k all in and hopefully this 7plex will apprai...
Kenton LeVay
Sell or Refinance?!?
Hey BP Community!I am faced with a pretty big decision and would love to hear what you all think. I am trying to relocate to Austin TX within the next few months and deciding on whether to sell my home or refinance &a...
Zulu Black
Refinance Existing home
Hello BG Community!
I'm in a somewhat dilemma here and I'm not sure which direction to take: Cash out Refinance or sell SFH. I have a SFH in NYC that's appraised for roughly 650k. I pay roughly $2200/month to an exis...
Jackson Carr
Should I refinance?
Hey all,
So my situation is I am in a 5/1 Arm at 2.75%. My family friend mortgage broker said he can get me a 30year fixed at 4% or so and 80% LTV and my payments would come out the same. He also mentioned he would ...
Jerad Casto
BRRRR Refinance Question
If I purchase and rehab the property with cash, will I still need to provide the 20% when I refi?
CJ Witmer
BRRRR refinance question
Ok, I've done a lot of reading here on BP and I have some sort of mental block because the refi part is just not sinking in to me. It seems like I'm just robbing Peter to pay Paul?
Can someone explain this to me lik...