Good Lender and Broker for Texas

[Victor Yum]

I have 3 houses, 1 primary and 2 rentals.  Lots of equity in the house ranges from 40% to 60% with 1 30 years fixed and 2 adjustable loans.  I am trying to refinance (cash out) one rental with adjustable rate.  Great credit over 800 but with all those mortgages, tax, insurance make it really close to 40 to 45% debt to income ratio.

Any suggestion or any lender will calculate the ratio differently?  Thanks in advance.

[Andrew Postell]

@Victor Yum I might be a little biased on who I would use in Texas but if you need a recommendation please PM me.  Now, no matter who you use, please do ask these questions to make sure they are good with investors:

Questions for Lenders

1. When do you start using rental income to help me qualify? (the answer needs to be immediately - no "you need to be on title for X months" or anything like that.  Immediately using rental income means you will qualify easier)
2. How long do you need me to be on title to refinance? (this is important if you do need a short term loan to purchase then refinance out - and the answer should be 1 day...very important that it is 1 day on title is all that is needed to refinance)
3. What is my minimum down payment or amount of equity required? (if they only require 15% down on a single family home that is usually a good sign that you are working with a flexible lender)
4. Can I change title to my LLC?
5. Do you sell your mortgages?
6. What is your loan minimum?
7. Can you explain to me what your reserve requirements are?

That should help you in your search. Good luck!