Investment Property Refinancing
Once you have bought and rehabbed your property, the next step is to refinance your investment property. A lot of people have had difficulty finding refinancing in the present market, especially people seeking 30 year 80% LTV refinancing.
Working with a financial consultant that has access to banks and lending institutions with multiple options for refinancing under the LLC. No guarantee can be made that we can get you a Max ltv's or specified rates under the LLC programs. The programs available for refinancing your investment property under the LLC will depend on your credit score, current earnings and assets.
The mortgage broker should be using a closing company that understands LLC refinancing. The closing can be done right at your own kitchen table at your convenience!!
Putting together your checklist of documentation to be provided to qualify for refinancing. Once all the items on the checklist have been provided and your credit reviewed a loan officer can call you and discuss the programs and terms available for refinancing your investment property.
Unfortunately, the investment refinancing market has tightened up and there are more specificed LTV loans programs for properties with an appraisal/post rehab values under the LLC.
I have many investors who have exactly this problem, Joseph. What should I be telling them regarding getting a credit history together for their entity? Is that important to their success in refinancing under the entity's name?