Does the refi phase depend on my credit? Just want to make sure so I’m not surprised because I thought the only thing that mattered was the appraisal of the asset? Any advice or info would be great.
Yes, your credit matters. The refi is essentially just taking out another loan. They want you to pay the loan and earn their interest. They are not interested in the property, that is just a back up plan if you default.
All long term lenders have a credit minimum, credit also typically dictates rate