I own two homes each with their own mortgage. I am currently paying around 7 percent and would like to bring that down a little bit. I spoke with my bank and they informed me that because I have two properties I would not be able to refinance....does this sound right? what are my options? I am in the State of California
Oakland,CA | Nov 30th 2010
by JustinM...
Answer
by Cindy W...
No that does not sound right. You can absolutly refinance two homes as long as you qualify. Please give me a call at 707-206-2832 and/or email me at loansbycindy@gmail.com with your questions. My name is Cindy MacDonell with Primary Residential Mortgage Inc. We can do loans in most states and I am located in Northern California. Please give me a call and I can answer any questions you may have. Nov 30th 2010
by mickjewell
by JakeBel...
by casey@t...
by PatrickM
Is it possible the 2 homes are on the same parcel? IF so, then it will be more difficult. Otherwise, you should be able to refinance them both at a significant savings. I am currently working with 3 clients that are refinancing more than 1 property and as long as you qualify with 6 mos payments in reserve for any rental property owned and you meet the loan to value and credit requirements, you should be just fine. I will review your situation with you.Please call me toll free at 866-901-3576. Thank you, Patrick McCarthy Dec 1st 2010
by CaPortf...
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