My wife and I are thinking about using Quicken Loans to refinance a mortgage on a rental property. A
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If you can't face them, why would you do business with them. We had a deal once on new construction. It was winter in Minnesota and they wanted to withhold thousands of dollars from the builder proceeds because the landscaping, sidewalks and driveway were not complete. In Minnesota that is a fact of life in the winter time. I'm not talking the small amount of money that it would have cost the builder to finish these items, but 10's of thousands of dollars. They seem to find ways to come up with withholding monies unnecessarily.
Listen, you can do what you want. But for me, if I'm spending that kind of money, I want to be able to face a human in their office if something goes wrong.
My wife and I are thinking about using Quicken Loans to refinance a mortgage on a rental property. Any advice?figure out your tax situation before you do anything
Example: if you refi out more than your equity in the property on the tax books, the excess is taxable income in the year you receive it.
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no experience with the lender
My wife and I are thinking about using Quicken Loans to refinance a mortgage on a rental property. Any advice?walk a way, no run away.
simple as that .
go to 'local' refi , u'll save thousands.
do ur research BBB , wal street journal, state attorney general etc. walk away.
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