Re-financing an Investment Property

[Ron Frost]

Who are the best lenders out there for re-financing investment properties?

I would like to take advantage of the current low rates, and would like to refinance a rental condo in FL.

Yes, the value has dropped a little, LTV is around 87%....not too concerned with that, if need be, I can put cash down at closing to bring it to the 80%. Current mortgage on this property is a 30-yr at 6.5%.

Just refinanced my primary home this week. Credit score is above 800. Got a 3.75% interest rate for a 15-year fixed rate. Problem free re-fi, but my broker cannot do mortgages in FL.

Is Quicken Loans a decent lender? Or should I be looking for a Credit Union that is local to the property?

(Just realized this is posted in wrong forum - sorry, please feel free to delete)

[Bryan Hancock]

Put your loan scenario into Amerisave.com. You can find better loans elsewhere if you really dig, but they are REALLY competitive when I price my loans. If you don't want to spend a ton of time shopping you will get 90% of the way there by using the site.