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Would like to refinance my free and clear investment property. What do I need to do?

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July 23 2010 - Classic Uptown
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is your property 1-4 unit residential?  commercial?
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July 24 2010
gather all your income documents, last 2 years tax returns and last 2 pay stubs and call a mortgage lender.
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July 29 2010
I have a free and clear 4 plex that I am considering refinancing.

I also have two free and clear homes that I would consider refinancing.

This is to answer Mr. Felty, Mr. O'Mahony, Mr. Neal, Mr. Webb

Sincerely,
Tina Claghorn
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July 29 2010
I would start with the bank you currently do business with.  They know your financial history and your current situation, and are most likely to want to continue doing business with you.   If that works out you'll probably get a cheaper loan (in terms of fees and rates) that if you just walked into a financial firm off the street.
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July 29 2010
It is possible and I can place you within a fixed rate. You can reach me for details or continue to speak with local lenders.
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July 24 2010
Most conventional banks have a commercial ARM.  I have a few clients who recently secured commercial loans through Chase.  It dosent matter if it is a residential property.  If you live someplace else it is automatically an investment property.
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July 23 2010
 
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