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Company Loan Type APR Est. Pmt.

WHO WILL REFI IF I HAVE MORE THAN 10 PROPERTIES

Posted on: 28th Sep, 2010 01:01 pm
I HAVE 13 PROPERTIES IN MY PORTFOLIO. NEVER MISSED A PAYMENT AND A CREDIT SCORE OF 760. MANY OF MY PROPERTIES HAVE HIGH INTEREST RATES. WHAT I AM LOOKING FOR IS SOMEONE WHO CAN ROLL MY 5 SINGLE FAMILY HOMES INTO ONE LOAN SO I WILL BE BACK BELOW 10 MORTGAGES AND PERHAPS CAN REFI THOSE AS WELL. IT SEEMS CRAZY THAT THE INVESTORS WHO HAVE PLAYED BY THE RULES ARE NOW BASICALLY GETTING SCREWED. I HAVE LOTS OF EQUITY IN MY PROPERTIES BUT CAN'T TOUCH A PENNY OF IT. YEA, THIS IS FAIR
hi chryamz,

as you've 13 properties in total at present and have separate loans on them, i don't think any of the lenders will be able to refinance your mortgages. you will have to sell off some of your properties and then you may apply for a mortgage refinance.

thanks
Posted on: 28th Sep, 2010 08:13 pm
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