Tuesday, November 13, 2012

can we refinance a rental property to a lower interest rate without ...

[hotlink removed by Zillow moderator] shows the typical income property financing requirements. I know that a rental property can qualify for HARP if you have a Fannie Mae backed loan. This will help with the underwater factor. Although closing costs can be significant on non-owner-occupied properties, and I'm not sure if they can roll them into the loan. Definitely talk to a couple lenders in your area soon. The smaller banks and credit unions seem to have a bit more flexibility.?

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Source: http://www.zillow.com/advice-thread/can-we-refinance-a-rental-property-to-a-lower-interest-rate-without-closing-costs/468329/

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