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Updated about 3 years ago on . Most recent reply

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14
Posts
11
Votes
Jose Ponce
11
Votes |
14
Posts

Rental Refinancing lender

Jose Ponce
Posted

I was in the process of refinancing my rental property's. I have a large portfolio of rentals. The lender I usually go through is Visio Financial and was given a much higher rates and entire 1% from 6% to 7.125% payment went up by $260. I was told by point of contact at Visio there terms changed as of Monday . Anyone have any other lender they have recently worked with or cam across the same issue ? 

Most Popular Reply

User Stats

338
Posts
375
Votes
Jack Mawer
  • Lender
375
Votes |
338
Posts
Jack Mawer
  • Lender
Replied

Jose, the market is rapidly changing and is volatile at this point in time. As the fed continues to raise rates, expect to see rates fall in the 7's for these types of loans. 

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