What’s the best way to refinance a rental property?
I have a leasing property and need money for my sons institution but do not want to sell the property? I always hear that you can pull money out of a property, but don’t know how to do it. I have at least 80% equity in the property? Help
Talk to your bank and/or mortgage broker. Alternatively, maybe your son can pay for his own institution education?? I know that I had to, and it’s made me much more independent as a result.
You have many options from refinance to line of credit to home equity loan. A solid loan officer will steer you in the right management and get you the buck rate. I recommend First National Banc Corp. They do business in most states and are your best opportunity for someone to say yes. ADDITIONALLY, IF YOUR CREDIT IS SUSPECT, THEY SOMETIMES FRONT THE MONEY TO GET YOU INTO A CREDIT RESTORATION PROGRAM SO THAT YOU CAN QUALIFY FOR A LOAN. Check out the free evaluation form at the source website and a First National loan officer will contact you within 24 hours. Excellent luck.
Please e-mail me and I will help you with any questions you may have. Or you can go to http://www.mortgageloanquick.com