Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Philadelphia Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

13
Posts
4
Votes
Vincent Ngo
  • Philadelphia, PA
4
Votes |
13
Posts

Refinance Investment Properties

Vincent Ngo
  • Philadelphia, PA
Posted

Hey all, 

Just wanted some thoughts- I live in Philadelphia and am hoping to acquire a property in my LLC. As far as my exit strategy; it is for a buy and hold and am wondering which banks/credit unions do you guys recommend to use in the Philadelphia area to refinance.

What are their typical terms and seasoning periods? Any other requirements?

Most Popular Reply

User Stats

2,038
Posts
580
Votes
Joseph Scorese
  • Banker
  • Philadelphia
580
Votes |
2,038
Posts
Joseph Scorese
  • Banker
  • Philadelphia
Replied

Hi @

Welcome to BP.

Typical Terms:

4.125-5.375% Depending on Bank

5  Year Fixed

20-30 Year Mortgage

Some Charge Pre Payment and some Not

Also, this all depends on your credit, debt to income and financials.

Let me know if you have any questions.

Regards

Joe Scorese

  • Joseph Scorese

Loading replies...