Updated over 5 years ago on . Most recent reply
Options to ReFi a 4 unit at a lower rate?
Hi, my fiance and I have house hacked and are currently owner-occupying a 4 unit property in DC. With rates as low as they are, I'm wondering if anyone knows of options available to refinance? I know with 4-units it can be tricky.
We have about 1.085M of debt. The property appraised in August at 1.2M so we have 115k in equity, roughly 10%. Our current interest rate is 4.75%. We do not have any PMI.
We are cash-flowing with 3 of the 4 units rented out.