Blog: Why Won't The Mortgage Lender Refinance This Investment Property?
Added June 3, 2009 by Ilyce R. Glink
Are you thinking about buying investment property now that prices have dropped? Unless you're paying with cash, you're probably trying to figure out how to finance a piece of investment property.
Mortgage lenders are willing to lend cash to those real estate investors who have at least 25 percent in cash for a down payment, have a good credit score, and who don't own more than 10 properties altogether. But there are some lenders who just don't make that much sense.
We just published a new article by real estate attorney Sam Tamkin. One of our site visitors wanted to know why the lender was refusing to refinance a piece of investment property. If you have thoughts on this, you can leave them here, or click through and leave them on the article.
June 3, 2009
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