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can I refinance a rental property with an interest only at 5.75% to 30 yr p.andi i at 4.7%?

I  would like to see if it is possible to get a regular mortgage at a lower rate. The mortgage is $164K at interest only at 5.75%. Or can this work out by refinancing?
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December 18 2008 - Salem
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I don't think you are going to finder investor rates that low.  That is more in line with primary residence financing.
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December 18 2008
 
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