Updated over 12 years ago on . Most recent reply
Refinancing without the 75% LTV?
I have an investment property in Austin, Texas. Unlike my first one, I don't have the 75% LTV on this one. The mortgage on it is still 117K and I believe this is the current comp value as well. I am paying at an interest of 7.25% which I got back in 2007. So I still have 24 years of mortgage on it. Do I have any options on refinancing this investment property? I don't know what companies and loans I can apply to. Any suggestions or am I just stuck with my 7.25% mortgage loan?
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Did you contact the company that services your loan to determine eligibility? You can look up your address at http://www.fanniemae.com/loanlookup//