[quote=LarryTheRenter]HLS – can I refinance a rental property?? 328K loan (no second)..which is 60% LTV…A townhome if that matters….What are the rates assuming good FICO and income etc etc.????? Maybe 0 or 1 point….30 yr fixed preferably….[/quote]
Larry,
Depends on your specific situation. WIth 60% LTV, you may be better off in a different loan.
If you plan on keeping the loan for at least 3 years, it may pay you to buy the rate down to 4.375%, even on a rental.
Some condos/townhomes do not qualify for any loans todat. doesn’t matter what the LTV is. They can be bought for cash only. Not a pretty future for those complexes…
If you want to know what you might qualify for contact me directly [email protected]
my office is in Carlsbad…. HLS
