Updated almost 6 years ago on . Most recent reply
BRRRR in stagflation
Do you think it be more difficult to refinance a BRRRR six months from now? Do lenders reduce the LTV percentage in a depressed economy? This will be my first BRRRR using a cash-out refi but I don't want to be stuck unable to refinance when the time comes (I have no other debt and my credit is excellent).
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@Nancy Stark during the pandemic we saw lenders shut down refinance in certain markets but not all. Commercial refinancing (5+ units) is still a little slow, but it has happening. I would suggest you start interviewing lenders to plan as the process is taking a bit longer. All of our lenders that **** down certain products are coming back on line and I don’t think we will see it any worse in 6 months than what we saw over last few months. Just my experience! I certainly don’t have a crystal ball though. Best of luck to you.