Lititz, PA · Member since 2013 · 595 posts · 272 votes
This is a question to those who are familiar with the current refi market.
For a rental property owner who is in a 10-20 year mortgage and facing non-payment issues, it is likely a much better option to refi to a 30 year mortgage than to request forbearance.
Investor · Bellbrook, OH · Member since 2016 · 63 posts · 39 votes
6y
While interest rates are low, refinancing isn't a bad option.
I have heard from lenders of troubles for individuals who apply for the mortgage forbearance. The latest episode of the Rental Income Podcast covers this.