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What can be done for a rental mortgage refinance?

I have a rental property in Florida that has a hgih rate and I have lost occupants because they find less expensive rent options. My only option to bring down rent would be to get the mortgage payment lowered. Doesn't have to be through a refi as far as I'm concerned, I would just like some option by justjesting796t91 from Buffalo, New York. Jan 7th 2015 Reply


Linda Wintersteen (Linda123)
#62 ranked lender in Arizona - 1,256 contributions

Yes a refi will work., and it all depends on what your rate is currently.. Who is your bank or servicer? You can try to go thru them.also,, there are other ways ..Please email me at yourloanpartnerforlife@live.com IF YOU have a business, that can also be a source. and I have other ways also.. linda

Jan 7th 2015
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,722 contributions

It's pretty much your only option. Refinance or pay off your loan.. if the rental is a Single Family Home (SFH) and not a condo, then you can refinance to 75%-80% loan to value, no mortgage insurance, and take advantage of today's lower interest rates.. Try contacting a local mortgage broker and apply with them.. once they see your complete profile, they can advise you properly.. 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

Jan 7th 2015
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Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#78 ranked lender in Florida - 2,240 contributions

We would be happy to go over your options with you. To give you accurate options we would need to go over your situation in depth. Call us or email us at 800-991-5309 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! Check us out at www.BestMortgageOption.comAsk us about the awesome discounts we offer heroes as a Homes for Heroes affiliate!

Jan 7th 2015
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Jericho Cherry (Jerichocherry)
#56 ranked lender in Virginia - 1,107 contributions

You need to do a refinance.

Jan 7th 2015
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Dave Metsker (DaveMetsker)
#37 ranked lender in Oregon - 2,317 contributions

Refi, if you have equity.

Jan 7th 2015
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