- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Need a Rec on a local credit union for Inv Prop Refi
Posted on 1/7/22 at 10:55 am
Posted on 1/7/22 at 10:55 am
Title says it all. Current investment prop has a 4.5% IR back from 2014. Large mortage companies can't do any better that 4.2% when I look online at quotes from notable companies. I'm thinking I need to go the local credit union route to see anything close to a 1% drop down to 3.5%. Any recs appreciated. TIA.
1
Posted on 1/7/22 at 11:15 am to jumbomallard
Tried checking their rates this morning and the screen spit out "no loan products area available for the amount requested." I'm only looking for a refi of 109k. Thought that was really odd. Do you have experience refinancing with them?
Posted on 1/7/22 at 12:15 pm to Broken Ear Glen
I do, did you apply online?
This post was edited on 1/7/22 at 9:41 pm
Posted on 1/7/22 at 1:45 pm to bubbz
what's your points tolerance?
I have a correspondent I can run it through and see how it prices out. It's a low doc program so not very painful to close.
Just need the estimated value, how much is owed, monthly rent, taxes, insurance and HOA. lnobles@redstickcapital.com
I have a correspondent I can run it through and see how it prices out. It's a low doc program so not very painful to close.
Just need the estimated value, how much is owed, monthly rent, taxes, insurance and HOA. lnobles@redstickcapital.com
Posted on 1/7/22 at 5:14 pm to jumbomallard
quote:
EFCU
I don’t think credit unions usually do investment property loans.
OP, your mortgage amount may be too low. I’m not a banker or loan officer but I’ve been told multiple times that smaller mirtgages (sub a certain amount not sure the amount in 2021) will carry a higher interest rate.
Posted on 1/8/22 at 2:58 pm to baldona
I have a min $75k loan investor I can go through. Actually a few. See my email above.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News