2

I have two separate rental properties that each have a LTV of about 75%. I'd like to leverage these properties to buy another investment or rental property so I am considering refinancing with cash out.

I am having trouble finding a lender that will work with my scenario in the current financial environment even with my excellent credit rating. Can anyone recommend a lender?

Can anyone recommend another method of leveraging the equity I have to allow for further investing?

2

I have been shopping around for a refi on my rental property. All of the programs are 75% LTV that I have found. This appears to be the new reality that we are in. Therefore, you won't be able to get that last 25% out.

I did get a great rate from Wells Fargo today at 5.25% for a rental refi cashout but it will be a 75% LTV.

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.