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Updated about 1 year ago on . Most recent reply

User Stats

22
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8
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Derrick Wortman
  • Rental Property Investor
  • Newton Falls, OH
8
Votes |
22
Posts

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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