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

[Stacy Patel]

Are there any new opportunities or pitfalls to be aware of? Your advice is appreciated!

[Max Ferguson]

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

[Erik Estrada]

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.