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can i refi two properties within same time frame?

I recently purchased a home cash, completely remodeled it via funding from my father. I need to refi the home to pay back his escrow act. (Sorry of terms are incorrect) That's priority #1. #2, I own a rental prop that I have a 6.9% rate from when I originated loan 8 years ago. My credit is upper 780, debt to income excellent. Would it be worth even attempting to refi both within the next few months or shall I stay the course and deal with prop #1 and wait to deal with prop #2?
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October 25 2012 - Saint Louis
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You can definitely refinance both properties at the same time, especially if you have a good credit history and debt to income ratios . In fact, if you are refinancing the investment property to lower your payment, it would improve your cash flow and help on the cash out refinance.

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October 27 2012
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Thank you guys for your input. I've been told by many naysayers that anyone is lucky to even get a loan right now and I would be silly to try for two. I figure if my personal and property stats are up to par, what would be the problem. Thank you for giving professional opinions.
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October 26 2012
You can absolutely refinance your two properties simultaneously.  If it makes sense, give it a shot.   
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October 26 2012
Hi user,

I would recommend searching for lender in our professional directory. You can also shop for rates on Zillow Mortgage Marketplace.

We appreciate your post!

Best Regards,
Candace 
Zillow Customer Service 
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October 26 2012
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October 25 2012
 
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