What are the most significant trends in real estate refinancing this year?

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  • Max Ferguson
    Real Estate Broker · Denver/Castle Pines/Colorado Springs, CO · Member since 2021 · 248 posts · 136 votes
    2y

    Following this! Would love to hear from investment centric lenders as to what the best strategies are and what people are doing! 

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  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    2y

    I have been seeing a lot more extensions from hard money lenders.. 

    But in general, the toughest thing now is the appraisal coming in lower. This usually results in the borrower just doing a rate and term refinance or cashing out on the low end. I do anticipate more refinances this coming year since rates are looking favorable and so many balloon notes that have been on extension after extension will eventually need to be paid off.

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