How can I get information in other banks, mortgage brokers, whatever, to refinance the house without having to make a trip to Florida?
I own a house in Panama City, Florida (not in Panama ) which I've been
renting out for the last couple of years. I want to refinance its mortgage
now that the interest rates have come down.
I called the current lender and they don't have anything below 11% interest.
I talked to the realtor that rents the house for me for information on lenders
in the area and I got the name of 3 banks from them. One doesn't do non-owner
occupied loans, and the other two only have 70% loans at ~10% interest.
Before going with either one I want to know what else is out there. I don't
mind if it is a fixed or variable rate mortgage. My main concern is to bring
the monthly payment down. The house is worth ~ $48,000.
I live in California so it's difficult to find out what other choices are
there. I've looked around here and people in CA do not make mortgages in
Florida.
How can I get information in other banks, mortgage brokers, whatever, to
refinance the house without having to make a trip to Florida?