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Looking for a 30 year fixed refinance on a rental property with 80-85%.

Looking for a 30 year fixed refinance on a rental property with 80-85% LTV. Current interest rate is 5.5% hoping to find sub 4%. We are located in SW florida. by Flga8o_550_491 from Naples, Florida. Apr 8th 2013 Reply


Peter Savino (855411LEND)
#100 ranked lender in New Jersey - 332 contributions

Need more information, contact me threw WWW. HOMEMORTGAGEXPERT.com or call 855 411 Lend

Apr 8th 2013
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Carlos Figueira (carlosfigueira)
#108 ranked lender in New Jersey - 199 contributions

Single Family Investment property with good credit you will be OK, if it is a multi family investment you will be required to have a better equity position.

Apr 8th 2013
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Kiernan Brown (KiernanBrown)
#50 ranked lender in Michigan - 149 contributions

If you are looking to refinance using a conventional program on an investment property you must have a 75% LTV. At 75% you should be able to find a sub 4% rate.

Apr 8th 2013
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Barb Lanis (BarbLanis)
#70 ranked lender in Illinois - 663 contributions

If your last loan was closed/guaranteed by Fannie Mae or Freddie Mac prior to 6/1/2009, then you would qualify for a HARP refinance (assuming good credit scores and income). This is available for investment properties as well as owner occupied properties. Check here first: Fannie: https://www.knowyouroptions.com/loanlookup Freddie: https://ww3.freddiemac.com/corporate/ My group is licensed in FL. Please let me know if you have any questions.

Apr 8th 2013
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Charlie Sparks (CharlieSparks)
#9 ranked lender in New Mexico - 400 contributions

I would recommend a HARP refinance if at all possible. Typically there is no appraisal required so your equity position won't be an issue. Contact one of the lenders here that is local to you for help.

Apr 8th 2013
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Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#77 ranked lender in Florida - 2,240 contributions

Need more info, but if it is a single family and your mortgage is held by either fannie or freddie and your current loan was taken out prior to 51/ 2009 you could get a rate in the 3's .Call us or email us at 201-962-3555 or Team@BestMortgageOption.com for ano cost no obligation analysis of your situation. Ask for Michelle or Benny We will find the Best Mortgage Option to suit your needs!You can check us out at www.BestMortgageOption.com We are also proud Homes for Heroes affiliates

Apr 8th 2013
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Dave Metsker (DaveMetsker)
#36 ranked lender in Oregon - 2,317 contributions

The standard for rental property is 75%.

Apr 8th 2013
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James Mazzola (Mazzola)
#110 ranked lender in New Jersey - 313 contributions

I can do an 80% LTV Refinance under 4% Single Family onlyJim Mazzola 732-501-4249

Apr 8th 2013
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Carlo Sanchez (MortgageLendingPro)
#0 ranked lender in Utah - 1,163 contributions

You need to talk to a Lender411 loan officer but should be possible up to 80%.. There is Too much missing info like is it a single family or a 4-plex. Is it currently an FHA loan or a Conventional loan, etc.

Apr 8th 2013
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,246 contributions

As others say, the details matter. If your current loan is HARP eligible (Fannie or Freddie owned an closed before 6/1/2009) you'll have options but otherwise propably not. With excellent credit the rate with few lender fees charges may not be below 4%, but the FL fees make a higher rate more reasonable to help off-set the costs for refinancing. (Used to spend time in Naples regularly when my mother, aunt and grandmother all lived there about 15 years ago. My uncle still lives there, long time car saleman). Pick a lender you trust and look into the options with them.

Apr 8th 2013
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Craig Prickett (cpmtgnow)
#160 ranked lender in Florida - 97 contributions

Im in South Florida and I have your rate your looking for Call me 954 558 4430 or complete application at www.firstfloridafin.com

Apr 11th 2013
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