Refinance Investment Property

Refinancing Your Investment Property

Investment properties are often the most overlooked refinance opportunities.  Whether you are seeking to increase cash-flow, lower your term or extract equity for needed improvements, a refinance could be the answer to a more secure financial future.  Rebecca Foote Mortgage Team will assist you in determining the best solution for your particular reason in refinancing your investment property.

Benefits of Refinancing an Investment Property

• Increase monthly cash-flow.
• Lower your term to own your investment free and clear sooner.
• Fix your rate for up to 30 years.
• Use the equity in one investment property as a down payment for another.

Most Popular Loan Options

Conventional Loan

• As little as 3% down payment with excellent credit.
• Fixed rate.

USDA Rural Housing Loan

• No money down.
• The seller, your relatives or your friends may pay your closing costs.

FHA Loan

• Only 3.5% down payment.
• The seller or your relatives may pay your closing costs.
• No income thresholds.

VA Loan

• No money down.
• No monthly mortgage insurance (PMI).
• Available to eligible Veterans and active military members.

Adjustable Rate Loan

• Lower initial payment is great for home buyers planning on selling and moving after 3 to 7 years.