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can i refi 2 properties within matter of about 3 months?

i have two investment properties that i purchased years ago and though they don't have too long to go before they're paid off, i'd like to get their interest rates down via refinancing. can these transactions coincide or is it going to be tricky? by gskrep7463740 from Boston, Massachusetts. Sep 12th 2014 Reply


Dave Metsker (DaveMetsker)
#37 ranked lender in Oregon - 2,317 contributions

As long as the numbers work, you could do both, on the same day, with the same lender.

Sep 12th 2014
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Dave Metsker (DaveMetsker)
#37 ranked lender in Oregon - 2,317 contributions

...and the loan officer would love you, too.

Sep 12th 2014
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As long as you Qualify and the property appraises- you can do both concurrently.Email me at Pete.Bass@everbank.com I would happy to assist you!

Sep 12th 2014
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Larry Gray (lgray_312_247)
#565 ranked lender in California - 1,127 contributions

Do contact at least one broker or mortgage banker covering Massachusetts to qualify you and provide good faith estimates for loans on each investment property.

Sep 13th 2014
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Sean Pashoian (SeanPashoian)
#42 ranked lender in Massachusetts - 22 contributions

Absolutely - same day for that matter. If you can follow up with approximate loan amounts, approximate credit score, value and number of units I can follow up with some rate/cost estimates. If not too long before they are paid off, may be worth exploring doing one loan to consolidate both mortgages into one?? MA Loan officer - License #29969

Sep 15th 2014
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,917 contributions

you can absolutely do a refi on multiple properties at the same time.. and it's best you use the same lender for both.. however, if you're near paying off the property, it might not be worth refinancing.. if you end up paying $3000 to refinance, but only save $50 per month, it would take 5 years for you to break even.. typically, with lower loan amounts close to being paid off, it's usually not advisable to refinance.. it's just too expensive.. have your lender calculate your break even period and then make your decision.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Sep 15th 2014
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,516 contributions

Sure... that in and of itself isn't an issue. You can even refinance all the properties at once. Gets to be a little tricky paperwork wise for your loan officer - but it isn't a problem. www.-SaintPaulMortgageBroker.com

Sep 16th 2014
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