Dear all, I am trying to refinance my rental. Have been calling a few banks and they do not refinance investment homes at this time. Any suggestions which bank to call?

@Nahal Beckam you are going to have a hard time finding a bank that will refinance your property at the same LTV during this time. Many banks are lowering their LTV as low as 65%, requiring 6 months of mortgage payments in escrow, etc. I would wait it out a little bit until this COVID-19 pandemic settles down a little bit. Maybe try reaching out to a few brokers.

@Nahal Beckam Are you working with small local banks? Stay away from the large banks. Keep calling until you find one that works with you.

I'm refinancing 2 rentals right now. 3.375%. Carrollton Bank in STL.

I would contact a mortgage broker.

I did one a couple years ago with bank of internet (axios now) through Costco was Easy Peasy. (Term refinance) Did 2 at a time a few years ago through a local credit union. (Cash out refinance 75%)

My loan to value is almost 50%. Do I have any chance?

@Kenneth Garrett why not large banks? where can I find small local banks? give me some examples please

NO REFINANCE OPTION FOR RENTAL PROPERTIES???NO REFINANCE OPTION FOR RENTAL PROPERTIES???

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NO REFINANCE OPTION FOR RENTAL PROPERTIES???

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