Does any of the BP family have any banks that they would recommend for refinancing on rental properties that cashflow? If so please send any referrals my way.
Hello @Jamal L. ,
- Have you had it for at least 6 months? (Seasoning period) Some will say 12 months but 6 is possible, just know your lenders.
- Do you have 6 months reserves?
Local Credit Unions
- Typically you can find a local CU that won't have the above time frames and reserves. However that doesn't mean you don't need reserves. It is wise to have something reserves.
- My advice is get a list together of your local credits and call them all. Email, network, and find someone for an introduction. It will be well worth your time.
Good luck Jamal!
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