Refinancing out of state

1 Reply

What is the best way to refinance an out of state SF investment property in the greater Austin TX market?  I have plenty of equity as the home was purchased in 06 and conventionally financed with 20% down.  I am not looking to extend the term of the loan, only to lower monthly payments as this is a long term hold. 

Credit union or bank?

Traditional Mortgage broker?

@Willem Pennings  It does not matter if the property is in your state of residence or in another state. You will get the same rate. If you don't want to travel to Austin for the closing, then you want to find a national bank, so then can work across states and can arrange for the closing near your residence.

PM me if I can answer additional questions.

Upen Patel
Mortgage Banker