refinance out of arm (credit score, loan, property, equity) - Mortgages -Lenders, loans, financing, rates, foreclosures, short-sales, brokers, credit score, deed, lien, refinancing, borrowers - City-Data Forum

bobbyaxe · 04-22-2019, 05:57 PM

should i refinance out of my arm 5/1 6.25% interest, no prepay. on an investment property?

SmartMoney · 04-22-2019, 07:50 PM

Quote:

Originally Posted by bobbyaxe

should i refinance out of my arm 5/1 6.25% interest, no prepay. on an investment property?

How much equity do you have in it? I know on a 10/1 80% LTV you could get 4.125%. The fixed is going to heavily depend on LTV and your score.

bobbyaxe · 04-22-2019, 08:57 PM

I have a 800+ credit score. I purchased it October 2018. Appraised at 700k - ish.
Loan amount 513K