Need to refi a rental that has lots of equity, but I have bad credit. Anyone know a lender that can help?

Asked by Laura McGowan, Claremont, CA Thu Aug 23, 2012

I need to refinance a home that has lots of equity, but my credit score is low. It is a rental. Balance on it is $48k, worth about $280k. In addition to my primary residence, I have the home I want to refi AND another rental in OC (also has some equity). Will I also need to have reserves to refi AND does anyone know of a lender that can help me get a refi with low scores (but has equity)? Please reply ... Thanks !!

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Kim Kenefsky, Agent, Corona, CA
Fri Mar 21, 2014
As an agent I have worked with many Lenders, the absolute best ive ever worked with has exceeded every expectation I had, which I have very high expectations. Shes been in the industry for over 20 years, and knows every angle one could attack to use to their benefit. Shes happy to go over all of your options and explain the pro's and con's of each program. She works at WJ Bradley, a hugely respected local direct lender in the Inland Empire. Her name is Christine Eskina 909-229-2785. She is happy to help anyone that needs help.
0 votes
Stephanie Me…, Agent, Schenectady, NY
Thu Oct 3, 2013
When refinancing an investment property, reserve requirements will be 6 months principal, interest, taxes, and insurance (PITI) for the property you're refinancing, with an additional 2 months reserves (PITI) for your other investment property.

I can help with rate and term or cash out refinances up to $417,000 for credit scores as low as 620 on investment properties.

Apply online at:
0 votes
Eddie W. de…, Agent, Riverside, CA
Thu Jan 31, 2013
Did you get a chance to refinance your rental as of yet? If you have not, feel free to call me at 951-210-2101.

Look me up at the following sites:

Thank you.


Eddie W. de Leon
NMLS #238369
0 votes
Hena Martin, Agent, Hot Springs, CA
Fri Jan 25, 2013
Sometime defination of bad might differ in your opinion ,we need to look at all your documents then make a decision .HENA MARTIN BROKER 760-251-2868
0 votes
Alane Anders…, Agent, Newport Beach, CA
Wed Sep 5, 2012
Recommend my lender contact, she's been in the business for over 20 years and is adept at handling various scenarios. In interest of her confidentiality, please contact me and I'll provide you her contact information. My best, Alane.

Alane Anderson
Realtor l MBA
0 votes
James Cottre…, Agent, Riverside, CA
Thu Aug 23, 2012
It may be possible to qualify for refi products depending on your scenario. I can provide a lender contact that can give you specific details for your situation.
James Cottrell
0 votes
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