Financing in Franklin>Question Details

franklinmaho…, Home Buyer in Franklin, MA

Does it make sense to refinance a multi family when you plan on purchasing another home in the near future and converting the multi to investment?

Asked by franklinmahomeowner, Franklin, MA Thu Jul 26, 2012

I have a multi family home and by refinancing, I should be able to drop the rate by 1.5% . However, I plan on purchasing a house within the next year and converting the mortgage to investment (i guess). Does it make sense to refinance now?

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Answers

3
Yes. The rates are so low it makes sense. Cross the other bridge when you get there. :)
0 votes Thank Flag Link Sat Jul 28, 2012
Absolutely! It will lower your debt to income ratio, thus improving you as a borrower for when your purchase. I'd be happy to give you a quality quote and excellent service.

Regards,
Scott McCauley
Licensed Mortgage Planner
Regency Mortgage Corp.
NMLS #174108
ph- 603-610-8852
email- smccauley@regencymtg.com
http://www.LendWithScott.com
0 votes Thank Flag Link Thu Jul 26, 2012
Yes it makes sense. I would be happy to quote you.

rshapiro at assetmortgage.net
0 votes Thank Flag Link Thu Jul 26, 2012
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