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Updated over 10 years ago on . Most recent reply
Refinancing rental property's
Hi all, So I am trying to Refi my rental property's and my personal home. The bank im working with wants to do a commercial loan for everything at 6.5%. I would rather break them up with a loan for each. They say they will not give me a residential loan on any of the rentals. I thought I heard on here people were refinancing rentals with 30 year fixed rates. I am also looking to get some cash out for a siding and window project on a duplex. The bank says that they will roll that into the loan. What do you guys and girls think?
Thanks in advance
Most Popular Reply

There goes the reason why. You won't meet the lender's LTV without doing the blanket loan.