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Updated 3 months ago on . Most recent reply

User Stats

33
Posts
13
Votes
Kathy Merkh
  • Investor
  • Medford Lakes, NJ
13
Votes |
33
Posts

Refinance short term rental.....

Kathy Merkh
  • Investor
  • Medford Lakes, NJ
Posted

Hello ~

Anybody have a lender they could recommend to refi a short term rental?  I'm in the 8's currently and I feel like rates have come down a bit.  Don't even know if enough to make it worth it but would love to lower the payment - especially since it's not performing like I had hoped.....

  • Kathy Merkh
  • Most Popular Reply

    User Stats

    5,822
    Posts
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    Erik Estrada
    #3 Mortgage Brokers & Lenders Contributor
    • Lender
    1,635
    Votes |
    5,822
    Posts
    Erik Estrada
    #3 Mortgage Brokers & Lenders Contributor
    • Lender
    Replied

    Hey Kathy, 

    You should be able to be in the 6s on a DSCR STR loan depending on your credit score and LTV bucket.

    business profile image
    LuxePrivate Investments LLC
    5.0 stars
    63 Reviews

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