DC Invest. Property Refi

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I own and rent out a condo in DC, which I am looking to refinance. I have only found one lender which advertises even the possibility of refinancing an investment property. Can you provide me with any information on where to look for competitive rates for investment property refinance? I have excellent (800+) credit, and the ability to pay down the existing mortgage to achieve 75% LTV. Thanks.

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Answer #1

Financing on condos certainly can be a challenge these days….loan-to-values, credit scores, etc are all very important considerations. I would be happy to discuss the specifics of your situation with you directly. I can be reached at 301.590.2363. Stu Hall

Answered By: Stuart Hall Level Rating

10points

Answer #2

Can you please give me a call or email tomorrow? It sounds like from everything you have said that it would not be a problem to refinance you. Is there something else that is preventing you? The rates are slightly higher but still excellent. Is there a problem with the condo being approved for loans? Hope this helps let me know how I can reach you.

Thanks,

Brent Mendelson

Senior Loan Officer

Monarch Mortgage

600 Jefferson Plaza, Suite 400

Rockville, MD 20852

240-403-1970 Direct

301-412-0259 Cell
http://www.monarchmtg.com/bmendelson http://www.brentmendelson.com
nmlsr#111407

Answered By: Level Rating

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