Refinancing BRRRR in Arizona
Lining up my first BRRRR in Maricopa, Arizona. I want to be sure everything is in place.
Does anyone have a bank/lender in the Phoenix area they recommend I go through to complete the refinance?
Most Popular Reply
@Ryan Cooley - Are you looking at a long term conventional financing? Cash out or rate/term (no cash out)? I would be happy to send you some rate/pricing info, PM if you are interested. Post COVID many lenders have backed away from rental mortgage programs, essentially by increasing their rates drastically to avoid that bucket of programs entirely. Some lenders are still priced aggressively, it varies greatly. You will find your best deal with a mortgage Broker or a Correspondent Lender (they are similar, both are different from a traditional bank). A Broker or Correspondent will have access to multiple lender rate sheets and program guidelines and than can find the best priced option for you.
I hope that helps, reach out for any questions.
Best,