Close

See current mortgage rates on Zillow Mortgage Marketplace

I have a total of 3 rental properties; I want to refi them all. I may need cash out of 1 to lower L

The properties are currently financed on adjustable mortgages & I would like to put them on fixed.  I will probably need some cash out of 1 of them to bring the LTV down on the other 2 depending on available LTVs and appraised values. What are my chances of getting this done?
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
April 28 2010 - Collierville
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (2)

Cash out on rental property is a little tricky but it can be done. I just closed one last week. Whomever the loan officer is, they will probably need a lot of documentation so don't be mad when they are calling all the time and getting you to clarify or update something.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
May 12 2010
Cashout for an investment property is not easy, but you should be able to refinance if you have no more than 4 financed properties. The LTV will be 75% on all properties.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
April 28 2010
 
Related Questions
What is the best loan type if i would like to buy a home and live in it for 4-5 Years only.
Profile picture for user1678950
Latest answer by user1678950
May 03 2013 | 16 answers
I have a total of 3 rental properties; I want to refi them all. I may need cash out of 1 to lower L
Profile picture for Adam Booten
Latest answer by Adam Booten
May 12 2010 | 2 answers
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

Homes for Sale
  1. 1743 Campden Dr, Collierville, TN Home For Sale
    1743 Campden Dr, Collierville, TN 38017

     For Sale: $375,000

    • Beds: 4
    • Sqft: 3796
    • Baths: 3.5
    • Lot: 15666
  2. 10112 Raleigh Lagrange, Memphis, TN Home For Sale
    10112 Raleigh Lagrange, Memphis, TN 38028

     For Sale: $1,535,000

    • Beds: 5
    • Sqft: --
    • Baths: 6.0
    • Lot: --
  3. 9665 Mallard Lake Rd, Collierville, TN Home For Sale
    9665 Mallard Lake Rd, Collierville, TN 38017

     For Sale: $499,900

    • Beds: 5
    • Sqft: 6210
    • Baths: 6.0
    • Lot: 94525