So I’m currently at 7 financed properties and I’m wondering if I need to consider doing a few Fannie/Freddie rate and term refis to lock in a fixed interest rate before I hit 10 financed properties.  I currently have 7 mortgages, all of which are commercial loans through a couple small local banks.  They are all 5 year balloon on 10-20 year amortization at 4.75-5.0%.

My question is whether or not Fannie/Freddie with do a rate and term refi after I hit 10 financed properties?  Obviously they aren’t going to originate any new loans once I hit 10 but I haven’t been able to find definitive information on where they stand with regard to rate and term refis (no cash out) and the 10 property limit.  Any insight would be greatly appreciated.