Many of our clients come to us looking to refinance an existing loan.
✅ Some have a short-term fix and flip loan on a property they had previously planned to sell but now are going to rent.
✅ Others have an adjustable rate rental loan that they want to refinance into a fixed rate 30 year loan.
✅ Still others have a high rate loan from another lender that they wish to refinance to a lower, more manageable rate.
In all of these cases, NavCap can help.
Case in point is this single-family home in beautiful Bluffton, South Carolina. Our client had secured its purchase in fall 2022 with a short-term bridge loan from a different lender. When the term was up, she went in search of permanent financing and found us. We were able to refinance her bridge loan up to 75% of the property’s value. The borrower did not request any cash out. We were happy to provide her with a 30 year rental loan with escrows at a competitive fixed rate.
Now our client is in the position to manage this income-producing rental property knowing that the mortgage payments are fixed. In this erratic economy, that is no small thing.
If you find yourself in the same boat and are looking to lock in a long-term rental rate, reach out and let us run the numbers. Our loan officers are always available Contact us at info@gonavcap.com or 888.444.3160 to be put in touch. To get a quick quote, click the link below:
https://thinknavigator.com/NavCap/GetAQuote.php
We look forward to working with you!