Updated over 5 years ago on . Most recent reply
Banking Refinance Question
I am looking to purchase another rental and want to make sure I know where I stand with my refinance options after I rehab and rent it out from an initial cash purchase.
There are the following questions I plan on asking banks. Am I missing anything?
Rate?
Min ltv?
% of rental income used in calculation?
Season requirements?
Is the refinanced based on appraised amount?
Closing costs?