Can I refinance my rental property having two loans on it. The first is option ARM and the other is HELOC. Can I refinance only the first so that my LTV is.
Read more here:
Can I Refinance Rental Property? | FHA Mortgage Blog
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When it comes to investments, there are few that are always as reliable and easy to finance as real estate. Commercial and rental properties allow the investor. ... After six months of ownership, it is possible to refinance. The property is still valued at $375000 and with the 80% financing rule of thumb, this means a new loan can be written for $300000 and the $60000 initial deposit returned to pay the line of credit loan. This example illustrates the importance of ...