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Company Loan Type APR Est. Pmt.

Refinance an investment property

It is possible to refinance an investment property at 85% or more? Actually I want to roll in my closing costs in the loan.

sara's picture
sara | Joined: July 5, 2006 03:16 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Berry,

Well, it will be completely the discretion of the lender whether or not he will provide you with 85% or more loan on an investment property.

Take care

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 03:57 | Post subject:

adonis's picture
adonis | Joined: October 22, 2005 05:04 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Berry,

No closing cost loans may be available, but there are chances that you will be liable for paying higher interest rate.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 03:57 | Post subject:

jveenstra's picture
jveenstra | Joined: November 10, 2008 09:03 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

I do not believe that is possible for a regular refinance.
Maximum financing for FNMA and FHLMC is 75% of value.

The only chance you have is if your existing loan is owned by Fannie Mae or Freddie Mac. If it is, you can refinance at any LTV under the HARP Program (Home Affordable Refinance Program)

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 03:57 | Post subject:

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