Need help with refinancing and more than 10 houses
I have been trying off and on for over 2 years to find someone to do a refi for me. Everything starts off just fine as my income is high, my LTV is around 70%, my credit is over 800...and then whoever is helping me finds out I have over 10 houses. When they learn that fact, the deal is off--my boss/overlay/bank won't let me. I get a letter in the mail once a week, sometimes 2 in a single day, saying that I have pre-qualified for a refinance, but when I call them they say "oh, sorry, we can't help you after all."
IS there ANYONE out there that will do a refinance on what to me seems like a very low risk mortgage? Why do banks walk away from such a sweet deal, just because I have over 10 rentals?
Please help!