Looking to do traditional refi on investment condo with more than 4 properties - Atlanta

I believe that we might have an outlet for that Cathy if you would like to give me a call to discuss the details please do so at 803.381.5149my name is Travis Torcoletti and I'm with IKON Financial Group.

Work with a local Mortgage Banker / Broker rather than one of the big banks or big national mortgage factories. Unlike a bank employee, who is most likely just an order taker, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination. We have access to loan products of MANY lenders, including investors that will accept borrowers with more than 4 financed properties. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

Your scenario seems very doable.. So I'm not sure why your having a problem... my guess is you're trying to use the local bank rather than the broker network... The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Not the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Fannie Mae allows up to 10 properties, and there are many lenders out there who will allow this.. so there must be some other reason.. Are they telling you the PROPERTY does not qualify?? I know that the "up to 10 properties" is a Fannie Mae thing.. Freddie Mac does not allow more than 4... Also, most lenders will not approve you for more than 4 with them.. so if you go to ABC bank, and they have 4 investment mortgage loans with you now, usually they will not do a 5th one... but, again, Fannie Mae allows this and there are MANY lenders out there that will allow it as well... which is why I suggested the broker channel... I would keep trying.... Google "mortgage broker <zip code>" and weed through those results.. you will find someone... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

I am local and can help. Briggs Cline. Buckhead Home Loans. 404-303-7411. www.buckheadhomeloans.com