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Private Lending & Conventional Mortgage Advice

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KYLE Z.
  • Investor
  • Ironwood, MI
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68
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Refinancing rental property's

KYLE Z.
  • Investor
  • Ironwood, MI
Posted Jun 16 2014, 18:40

Hi all, So I am trying to Refi my rental property's and my personal home. The bank im working with wants to do a commercial loan for everything at 6.5%. I would rather break them up with a loan for each. They say they will not give me a residential loan on any of the rentals. I thought I heard on here people were refinancing rentals with 30 year fixed rates. I am also looking to get some cash out for a siding and window project on a duplex. The bank says that they will roll that into the loan. What do you guys and girls think?

Thanks in advance

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