Posted by christopher w on July 11, 2008 at 10:10:36:
In Reply to: Investor re-finance loans posted by Lewis on July 10, 2008 at 19:37:39:
Lewis,
As long as you can go full doc, and have some reserves you should be able to get the refinances done. However keep in mind that with the risk based pricing that has been implemented by Fannie and Freddie these refinances will not be cheap. You will be looking at almost 5 points plus fees per house. if you go with a rate term refinance it will lessen the cost by about two points. hope this helps.