Financing in Palo Alto>Question Details

Mindy, Home Owner in 94306

I am in the market to refinance a confirming, out-of-California, Investment property and looking for 0-cost, 0 point loan, open to fixed or ARM.

Asked by Mindy, 94306 Mon Jan 30, 2012

I have a couple of good quotes for the rates but I want to shop around more. My credit score is excellent (near the top). Any recommendations?

I would prefer a loan without attached strings such as blackout for refinancing within a time period or any penalties for prepayment etc.

My time frame is asap although I am willing a wait a bit for the right reason.

Any recommendations?

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Answers

5
Gregorio, the property is in Oregon.
0 votes Thank Flag Link Tue Jan 31, 2012
What state do you need a refinance in?
0 votes Thank Flag Link Mon Jan 30, 2012
Hi Mindy,

It all depends on a lot of criteria now a days .

Go to http://usloans.com and put in your parameters. You will get a live quote.
Web Reference: http://usloans.com
0 votes Thank Flag Link Mon Jan 30, 2012
I am familiar with this situation as I have rental property outside of California.
I could recommend someone here, but I have to tell you, it is a difficult proposition for a lender here to arrange a loan outside the State.
I would recommend probably an easier solution: contact a Realtor in the area where you have your property, and ask him/her a few names of lenders they recommend. Locally, it will be easier for the lender to do that. You can then compare with their options, again, locally. I believe everything will be easier - appraisal, relations with the escrow company, etc...
0 votes Thank Flag Link Mon Jan 30, 2012
Have you tried to contact the current mortgage holder to see what they would offer you? Also, do you belong to a credit union, if so sometimes they may have something to offer. I've never heard of zero cost as their will be some title and recording fees associated with it along with appraisal.

All the best to you.
Web Reference: http://www.terrivellios.com
0 votes Thank Flag Link Mon Jan 30, 2012
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