Other thoughts to refinance?

[Cory Lucas]

Looking to refinance our LTRs while interest rates are still favorable and to hopefully pull enough to put a downpayment down towards an STR. I'm due to consult with the local bank I work with this coming week and our local credit union. Any other recommendations you all have or other companies you all work with? I've heard of My Investor Loan and I always hear and read about people getting 30 year fixed, but I've yet to find a lender willing to do that on investment properties, we have ours in LLCs, so maybe that makes the difference

Thanks in advance for any help and feedback

[Wesley B Williams]

I keep mine in an LLC as well and have found it unlikely to get 30 year financing, however I've had the best luck with credit unions, they apparently operate on a slightly different set of rules as opposed to Banks. I've been offered 25 year am w5-10 year fixed rates at anywhere from 3.875-4.35 for loans to my LLC

[Cory Lucas]

@Wesley B Williams

sounds good! Hopefully the credit union pans out then, appreciate the feedback