Doing Refi's with no seasoning - Posted by Dale-Ohio

Real Estate Investing Real Estate Financing
1

Posted by Michael Steele on October 17, 2006 at 11:19:27:

Dale,

The way to go for you would be a portfolio lender or local bank.

Assuming you are unaware of what “portfolio” is – a portfolio lender does not sell their paper off on the secondary market. They keep thier loans in house which allows them to do some creative things (such as do higher ltv’s on those with more than 10 properties)

Your local bank will work the exact same way in flexability and ability to get the deals done.

Or then again you can go with an “investor friendly” broker that knows your situation and has delt with it before.

Hope this all helps

2

Doing Refi’s with no seasoning - Posted by Dale-Ohio

Posted by Dale-Ohio on October 17, 2006 at 11:10:39:

I have more than 10 properties, I have to go stated income. Scores are 680 and up. I am having trouble finding places to go, that will do a REFI under 6 months. They charge points, High interest rates, and only 80% LTV on top of all of that. Any Suggestions on which lender to go to? Thanks

3

Re: Doing Refi’s with no seasoning - Posted by EricM

Posted by EricM on October 19, 2006 at 22:29:23:

Dale are these all in OH? The state of the property will make a difference on what lenders you have access to for this type of scenario.

4

Re: Doing Refi’s with no seasoning - Posted by scott in virginia

Posted by scott in virginia on October 18, 2006 at 19:23:26:

i’ve got a bank that will/should help you.
they’ve helped me.
email me and i’ll send you their info.

sc