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Looking to refi a rental property

  • August 14 2014 - Charlotte
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Answers (6)

What is you interest rate?  There are lenders that lend in NC that should be able to do a streamline FHA refinance even though it is now a rental,but the Monthly Mortgage Ins premium will at least double.
  • August 29 2014
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It is possible to refinance your rental property, but I would need more information.  Contact me through my profile and I can assist.
  • August 29 2014
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It is an FHA loan taken out 2004.  i have been told since we do not live in the house we cannot use HARP.
  • August 14 2014
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If your loan qualifies for HARP, refinancing the mortgage is possible..  When was the mortgage originally taken out and do you know if it is backed by Fannie Mae or Freddie Mac
  • August 14 2014
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It is only one.   We turned our starter home into a rental.   Value dropped about $40k and could not sell.  The current value is about $110k and we owe $99k.  Not even sure a refi is possible.   
  • August 14 2014
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How many do you want to refi?  I would need much more information to advise.
  • August 14 2014
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