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Updated 4 days ago on . Most recent reply

Dametric Shaw's profile image
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Dametric Shaw
  • Member since May 7, 2021
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11
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Dametric Shaw's profile image
Dametric Shaw's profile image
Dametric Shaw
  • Member since May 7, 2021
Connect
Dametric Shaw
3
Votes |
11
Posts
General Real Estate Investing

MH refinance scenario

Dametric Shaw
Posted

I'm being offered 9.6% 5/1 ARM for 15 years in order to refinance my rental property. It is a 4/3 doublewide MH on .5 acres. My last appraisal was 6 months ago coming in at 190K. The refinance is at 85% LTV. Do you think this is a good deal or could I find something better?

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