Updated about 6 years ago on . Most recent reply

Refi from ARM to fixed with LLC
Hey Gang-
I have a quick question for the community. Is it possible to refinance out of a ARM that was taken out through our LLC into a fixed 30 yr note again through the LLC? This would be one note covering two duplexes.
My current banker is telling me that this would need to be a comercial loan and has to remain an ARM.
Any feedback is greatly appreciated.
Thanks.