Updated almost 8 years ago on . Most recent reply
Bank to Refinance
I am looking for a solid bank to refinance a property we have taken out a hard money loan on. We are wanting to keep the property as a AirBnB property at this point and are looking for terms somewhere around 80% LTV with a reasonable interest rate. Any and all recommendations are appreciated!
Most Popular Reply
For conventional financing a 75% LTV is required. There is no seasoning for a rate and term refinance. Can you support the mortgage with your current income? AirBnB doesn't count as stable rental income and there are no lease agreements so you would need a 2 year history for rental income.
- Jerry Padilla
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