Has anyone used Finance Of America??

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  • Jonathan Taylor SmithBusiness Member
    Rental Property Investor · Durham / Raleigh (Triangle), NC · Member since 2015 · 841 posts · 803 votes
    7y

    Hello @Joe Lantrip - YES, I've used Finance of America for 3 cash-out refi's to close our BRRRR deals with 30-year fixed rate loans. I will likely use them again as the 2nd and 3rd transactions went very well and met my deadlines to payoff the short-term loans used to purchase and rehab the properties. But the 1st was extremely frustrating, taking 72 days to close when it should have taken less than 30 as it did with the other two. There cost and rates were better than some others from which I received quotes for the same properties. I spent much of 2018 refinancing properties with multiple lenders.

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  • Joe Lantrip
    OP
    Saint Charles, MO · Member since 2017 · 16 posts · 3 votes
    7y

    @   Thanks for the info.!

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