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Refinance Rental

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babbles
Established Contributor

Refinance Rental

We are military (me retired) and spouse went back  active duty back during the housing crash (2009).  Converted primary to  rental up to current.  Home has finally gained some equity but can anyone recommend any reputable banks that will refinance a rental.   I have Chase (arm) and equity loan with Navy Fed.  Just spent some time talking with them (nfcu)  and no products available for rentals and will try USAA now.  I will try Chase also.  Our scores, better than about 720 across the board, I have a high DTI  but wife's is less than about 16%.   Thanks for any recommendations.

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Anonymous
Not applicable

Re: Refinance Rental

I would stay away from the big box banks if possible. Where are you located? Do you know any realtors or have friends who have recently purchased or refi'd who could recommend a lender?

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babbles
Established Contributor

Re: Refinance Rental

GA.  Appreciate it!  Why do you say stay away from the big banks?

 

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