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tigerfamous · Joined: 11 Jul 2009 Posts: 57 6.76 Dollars($)

I would like to refinance my investment properties in Atlanta, GA. Can anyone point me out any good mortgage brokers or lenders serving in Atlanta GA area?

By the way I am out of state, so my guess is that local lenders may provide better services.

Any lead would be highly appreciated.

Realgeni · Joined: 13 Apr 2009 Posts: 1434 99.76 Dollars($)

tigerfamous

Please check out the ledner section of this forum

Lot of lenders on this forum and they may be able to help or guide you in the right direction

Good luck and feel free to ask

adonis · Posted: Wed Jul 15, 2009 12:06 am Post subject:

Hi tigerfamous,

Do you have equity in the investment property which you are planning to refinance? If you do not have equity, then it would not be possible for you to refinance the property. Apart from the equity, the lender will look at your income and credit score before refinancing the property. You can speak to your current lender about refinancing and check out the terms and conditions he is offering you. If you can afford it, then you can go ahead with refinancing the property.

You can even consult the lenders of this community and seek a no obligation free mortgage quote. This will let you know the type of rates and terms you would receive.

tigerfamous · Joined: 11 Jul 2009 Posts: 57 6.76 Dollars($)

Hi adonis,

It looks to me that it does not matter whether or not I have equity on the property. If the holding period is less than 6 months, lenders/mortgage brokers would not do refinancing.

This seasoning requirement of holding property at least 6 months really does not make sense.

I think Fanni mae removed the seasoning requirement. Is that true?

Thanks.

jk9999 · Joined: 15 Jul 2009 Posts: 111 1.82 Dollars($)

yes, acoording to my knowledge, the fanni mae has already dropped the seasoning requirement. if the lender told you they have such such seasoning requirement. just let me update them and educate them on this.MY thinking is the banks today are so weary of borrowers and loans that they put so much restriction they should not put. They are just too greedy before and has to clear up all the mess they have left over. What a mess!!!

bensonclive · Joined: 16 Aug 2009 Posts: 90 -0.12 Dollars($)

Refinance !! lot more lenders will look at it very catiously.

captcharwp007 · Joined: 29 Aug 2009 Posts: 31 0.11 Dollars($)

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bensonclive · Joined: 16 Aug 2009 Posts: 90 -0.12 Dollars($)

captcharwp007

we would have really apreciated more piece of work provided by you if it would have been drafted on your 'own'.
But neverthless the content is good and is really an informative one.

For any query henceforth related to mortgage just log on to mortgagefit.com and get the best available solutions. I hope you enjoyed your stay here, and will enjoy it too in coming future.

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