Subject To and Refinance

:banana If I do a subject To, can I immediately refinance it - they have a 13.5% interest rate.

You can always get a new loan on anything you own. I would get all the ducks lined up before odering a payoff of the existing mortgage. What is your equity in the property. As an investor you may not be able to borrow enought to pay off the existing loan. Most investor loans are less than owner occupant and a higher interest rate too. Lots of other considerations too: Appraisad value, closing costs, condition of property, just to name a few.

Good luck and hope i helped some

Thank you,

Ted P. Stokely Jr
11505 Sw Oaks
Austin, Texas 78737

512-301-9171 home
512-587-6177 mobile