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Updated about 2 years ago on . Most recent reply

Derrick Wortman's profile image
Derrick Wortman's profile image
Derrick Wortman
  • Rental Property Investor
  • from Newton Falls, Ohio
  • Member since Apr 15, 2019

User Stats

22
Posts
8
Votes
Derrick Wortman's profile image
Derrick Wortman's profile image
Derrick Wortman
  • Rental Property Investor
  • from Newton Falls, Ohio
  • Member since Apr 15, 2019
Derrick Wortman
  • Rental Property Investor
  • Newton Falls, OH
8
Votes |
22
Posts
Creative Real Estate Financing

Wrap Multiple Mortgages into one Loan?

Derrick Wortman
  • Rental Property Investor
  • Newton Falls, OH
Posted

Hey Everyone,

I would like to see if it's possible or if it would make sense to wrap my 6 investment property mortgages into one 30-year mortgage. I have roughly 50-70% equity in each property, each property has a 30/yr mortgage with interest rates that are pretty low (3-4%). I guess I just want to simplify things and possibly tap into all of that equity. Thoughts or suggestions would be appreciated! 

Thanks everyone    -Derrick

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