Updated over 9 years ago on . Most recent reply
Refinancing Multiple properties
I'm looking to refinance 3 properties to turn one that is upside down into a position that it can either positive cashflow or sell and to put better interest rates on it. The following is a quick snapshop of the situation. I have a credit score of 811 (average of the 3)
| Owe | Value | LTV | Monthly Payment (incl escrow) | Interest Rate | Rental income |
| $ 255,000 | $ 350,000 | 72.86 | $ 1,843.28 | 5.0% | Primary |
| $ 220,000 | $ 300,000 | 73.33 | $ 1,870.70 | 5.0% | $ 2,300 |
| $ 189,000 | $ 121,000 | 156.20 | $ 1,453.32 | 7.5% | $ 1,300 |
Thank you. I've received too many 'junk' phone calls so i figured i'd give this option a shot to find a solution to the upside down property. Any help or suggestions would be appreciated. Open to doing 3 simultaneous closings if necessary.