Comments on: Real Estate – Refinancing My Rental Property

By: shan

shan — Sat, 01 Feb 2014 22:59:00 +0000

Do any one have experience to refinance with Quicken Loans – investment properties?

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Sat, 23 Nov 2013 14:06:31 +0000

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By: writing2reality

writing2reality — Sat, 12 Oct 2013 16:08:09 +0000

Davis, sorry to hear you had such a poor experience. As I said in the post, mine was extremely hands off and professional done. It was very unobtrusive, timely, and every effort was made to work with my schedule and the additional considerations of removing my ex-wife from the title of the property. Thanks for stopping by!

By: writing2reality

writing2reality — Sat, 12 Oct 2013 16:06:39 +0000

You are probably going to have to do something outside of traditional banks. I'd recommend you head over to the to see what ideas people there have. Bigger Pockets has a great number of knowledgeable and experienced investors who might be able to help you with ideas specific to your situation.

By: writing2reality

writing2reality — Sat, 12 Oct 2013 16:04:41 +0000

Hopefully things worked out for you Lars! Thanks for commenting and stopping by.

By: davis

davis — Sat, 21 Sep 2013 18:58:55 +0000

had to weigh in on my experience w/ Wells Fargo: I too was contacted by them in February 2013 (completely unsolicited on my part) re HARP program. Reducing my rate & minimal costs to refinance was a no brainier. Unfortunately, it was the most disjointed, unprofessional experience one could imagine. Finally closed SIX months, that’s right, six months later. Repeated requests for same documents, multiple requests for additional documentation “from underwriting”, weeks went by without contact or returned calls, etc., etc. Only thing kept me going, not to mention the time already invested, was the carrot they held, e.g., lower interest rate/lower monthly payment. Finally closed, new mortgage, new rate, new payment but wouldn’t cross the street to do business with Wells Fargo again. (note: I’m a 30+ year real estate broker, investor, landlord…wasn’t my first rodeo)

By: David

David — Thu, 08 Aug 2013 17:24:01 +0000

I own 12 rental homes! I need to refi one. Who can I find that will refi my rental if I’m over the max of 10

By: Lars T

Lars T — Fri, 28 Jun 2013 15:25:07 +0000

Wow, I’m in the same boat, I’m hearing I need 75% equity (talked to a lender today) in order to refi my accidental landlord property.
I’m going to contact my bank directly (Chase) and see what they can do. I was fairly discouraged until I read this post.

By: Larissa

Larissa — Wed, 08 May 2013 17:28:30 +0000

Thanks for getting back to me. Hopefully the rules will change again in the near future allowing us to refi..

By: writing2reality

writing2reality — Wed, 08 May 2013 02:16:39 +0000

Thanks for stopping by Larissa! Yes, my loan was backed by Fannie Mae thus enabling me to refinance. Unfortunately, HARP rules only allow those with the backing of Fannie or Freddie to refinance at this time as you have found out.