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Company Loan Type APR Est. Pmt.

Refinance an investment property

Posted on: 06th Nov, 2013 02:20 am
It is possible to refinance an investment property at 85% or more? Actually I want to roll in my closing costs in the loan.
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
Posted on: 06th Nov, 2013 02:57 am
Hi Berry,

No closing cost loans may be available, but there are chances that you will be liable for paying higher interest rate.
Posted on: 06th Nov, 2013 08:31 pm
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)
Posted on: 07th Nov, 2013 06:59 am
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