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How much equity needed to refinance investment property?

SteveB asked:


How much equity does the average lender prefer that you to have in an investment property before they’ll consider refinancing the mortgage? 20%, 25%, more???

Melissa

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This entry was posted on Wednesday, May 27th, 2009 at 6:48 pm and is filed under Refinance. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “How much equity needed to refinance investment property?”

  1. J W Says:
    May 28th, 2009 at 10:35 am

    Colleen

    I believe 20%. I have never refinanced investment property before. Why are you wanting to refinance? Is it currently occupied?

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