Looking to refinance SFH in Pennsylvania

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Looking to refinance SFH in Pennsylvania

John Geldert
Rental Property Investor · East Meadow New york · Member since 2014 · 232 posts · 95 votes

I currently have a 4.875% on a 30yr with 26 years left, looking to get a lower rate to increase my cash flow.  

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  • Ray Peslar
    Realtor · Glen Mills, PA · Member since 2013 · 71 posts · 26 votes
    11y
    Originally posted by @John Geldert:

    I currently have a 4.875% on a 30yr with 26 years left, looking to get a lower rate to increase my cash flow.  

     Hey John, 30 yrs on an investment property is a pretty good thing! 

    Is the ARV over 100k or under?

    Is the property in an LLC or your name?

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  • John Geldert
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    Rental Property Investor · East Meadow New york · Member since 2014 · 232 posts · 95 votes
    11y

    No Ray, it's not under an LLC and yes its current market value is more then $100k. Why do you ask?

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  • Ciro LoCascioPro Member
    Investor · Queens, NY · Member since 2013 · 135 posts · 39 votes
    11y

    @John Geldert

    4.875% on a 30year is not bad at all. I just refinanced several of my properties and locked in 4.625% at a 30yr term. Unless the interest rate is significantly lower , it probably wouldn't make sense considering you have all closing costs again. Contact @Jerry Padilla he can help you out with any questions you may have.

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