Chestnut Hill, MA · Member since 2015 · 16 posts · 0 votes
Hi - I am looking to take some cash out of a short terms rental I own outright in New Hampshire. I'd like to take that money and buy another rental property. Any banks that have decent rates in the NH area? Thanks in advance!
I’ve done a cash out refi with Bank of NH. Jacy is my contact. She is very helpful and prompt. She’s financed several other deals for us as well. Goodluck!
If you can go residential, you can get lower rates that way. I've had great luck cash-out refinancing several investment properties with Granite State Credit Union. Though, because it's backed by Fannie, you will have to pay the Loan Level Price Adjustments (essentially points) - but you would get a much lower fixed rate for up to 30 years.