Apartment Refinance Suggestion

[Fred Delariva]

I have a 6 month ARM on a 6 unit property in Southern California. So far I benefited from the low interest rate environment, but I can't depend on those rates to stay low forever. I am looking for any recommendation for areliable mortgage brokers. I am at about 70% LTV and don't need any cash out,

[Darryl Dahlen]

I might be able to help you. I have a small balance program that goes up to 500K.

Providing the property can show a DSCR of at least 1.2, and you have a credit score of 700 or better, the program is fairly aggressive.

Rates for a 5//30 are in the 5s, and the closing costs are very low. Until the end of June the bank is waiving their origination fee. That means the only closing costs are title, escrow, a small UW bank fee, and my fee. That's it.