Posted by Patrick S. Lawson on April 18, 2006 at 16:44:13:
The Toledo area has experienced some decent appreciation (relative to most of ohio). How much do you owe on the properties and how much are they worth?
Why do you want interest only or option arm? There are plenty of brokers/lenders here in the state that will give you one (even with stated income), but they may not benefit your bottom line.
Looking to refi properties - Posted by Rob
Posted by Rob on April 18, 2006 at 11:39:00:
I have 2 single family properties, one duplex and one 4-unit. I’m mostly looking to increase cash flow, maybe pull some cash out. I’ll probably have to go stated income. One broker suggested an option arm, but he is not sure of the LTV especially on the 4-unit. Has anyone done interest only or option arms with a good broker or bank. I’m in Ohio.
Thanks in advance