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Updated over 1 year ago on . Most recent reply

Nirav Mehta's profile image
Nirav Mehta's profile image
Nirav Mehta
  • Investor
  • from Hilliard, Ohio
  • Member since Mar 5, 2015
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Nirav Mehta's profile image
Nirav Mehta's profile image
Nirav Mehta
  • Investor
  • from Hilliard, Ohio
  • Member since Mar 5, 2015
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Nirav Mehta
  • Investor
  • Hilliard, OH
2
Votes |
5
Posts
Private Lending & Conventional Mortgage Advice

Strange Refi Option on a BRRR Property

Nirav Mehta
  • Investor
  • Hilliard, OH
Posted

Recently bought an investment property in OH in cash rehabbed it and now looking to refi to get cash out

Got this weird offer from a mortgage wholesaler

7.5% no points 30 yr fixed for now

Then in 6 months zero cost refi ar 5.8% no points with a 30 year fixed they will put this in writing still waiting on the paperwork

Does even look legit? Never seen a refi structured like this? What question should I be asking the lender?

Columbus, Ohio
1 Vote
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Simmy Ahluwalia's profile image
Simmy Ahluwalia's profile image
Simmy Ahluwalia
  • Lender
  • from Atlanta, GA
  • Member since May 3, 2015
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Simmy Ahluwalia's profile image
Simmy Ahluwalia's profile image
Simmy Ahluwalia
  • Lender
  • from Atlanta, GA
  • Member since May 3, 2015
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Simmy Ahluwalia
  • Lender
  • Atlanta, GA
186
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1,579
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Simmy Ahluwalia
  • Lender
  • Atlanta, GA
Replied

Run, don't walk, lol

  • Simmy Ahluwalia
    • 1 Vote
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