Re-financing separate properties as a group in a single loan
We have a SFH and a duplex that we own free and clear, and a duplex on which we have a residential mortgage. Each of these properties is in a different location and was purchased at a different time. Is it possible to re-finance these separate properties as a group in a single loan? Does the fact that these were purchased separately and are at different locations make that option unavailable? The idea is to re-fi in a single transaction, which, I assume, will have benefits over three separate transactions. Please advise. Thank you.
Most Popular Reply
It's possible but honestly, there is no benefit to doing a portfolio unless you have too, typically LTV's are lower and rates are higher.
Many pros to doing them separately rather than bundled.