Refi To a 30 Year From 15 Year Mortgage, Better Than Forbearance

Refi To a 30 Year From 15 Year Mortgage, Better Than Forbearance

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.

Are refis slowing these days?

Thanks!

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  • 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.

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