Where can I get a new mortgage on my existing rental property?

sterick91 asked:


A year ago we moved to GA from Las Vegas. Had trouble selling the Vegas home, so we kept it as a rental. We’ve now come to the end of our fixed term on that morgage. Our morgage company is not willing to refinance because it is a rental. We are not making any money off of this home, and are desperate to either refinance or get out.

Cruz

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Tags: New Mortgage, Rental Property

This entry was posted on Tuesday, June 16th, 2009 at 9:16 am and is filed under Renting & Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

2 Responses to “Where can I get a new mortgage on my existing rental property?”

1. Landlord Says:
   June 18th, 2009 at 1:16 am

   They financed it before, why not now?

   I use Wells Fargo as much as possible, which is only 10 units, but better then nothing. They are great.

2. Dale H Says:
   June 21st, 2009 at 6:20 am

   An investment property do refinance just because it is the maximum loan to panic fixed rates are high.
   An investment properties eg 80k loan to discuss the loan to come down in declining market which believe vegas is not be reason to.