Your only refinance rental property news source! Click on each item to read full story.   First Person: I Cashed Out an IRA for a Home Refinance read story I'm in the ninth week of a rental property refinance which has been as much fun as a root canal without the anesthesia. Even though most refinances tend to be pretty simple, our has been quite complicated for no reason that I can see. My guess is that it's because we are refinancing a rental property instead of a primary residence.   First Person: Why it Doesn’t Pay to Be an Absentee Landlord read story If you own rental property like I do, you've probably discovered that managing your own properties is an easy way to keep more of the rent check. While this DIY approach works for landlords who live in the same town as their rentals, it doesn't work for absentee landlords who are trying to manage their properties long distance.   First Person: The New Normal in Home Refinancing read story Until a few years ago, all it took to refinance a home was good credit and a current property tax assessment. Thanks to tougher banking standards and new Fannie Mae requirements, what once was a simple process has turned into a 7-week headache for my husband and me. Why? The never ending list of crazy conditions and documents that our lender continues to ask for.   Graham, Scott Report Personal Finances read story South Carolina's U.S. senators have most of their wealth in real estate and took advantage of low interest rates to refinance mortgages last year, according to their latest personal financial disclosure statements.   First Person: Why Refinancing a Rental Is More Complicated Than Ever read story If you are thinking that now might be a great time to refinance one of your rental properties, think again. While rates are low and the process relatively easy for home owners who are refinancing a primary residence, those of us wanting to refinance our investment properties are discovering that standards are tougher than ever.   First Person: Penalties of a Premature Distribution of an IRA read story My husband and I are in the process of refinancing one of our rental properties. Thanks to a low appraisal and a high debt-to-income (DTI) ratio, we were expected to bring $6000 to closing. Even though I have the money in a traditional savings account, I wasn't too keen on tapping into those funds on the off chance that the closing costs might increase again or some unforeseen emergency might ...   First Person: 4 Surprising Things That Can Jeopardize a Refinance read story Refinancing a home mortgage is more complicated than ever. Before the housing crash, all it took to get a home loan refinanced was clean credit, a job, a current tax assessment, and $250 in closing costs. Refinancing a property these days now requires thousands of dollars in closing costs and reserves along with a long list of conditions.   Centerline Capital Group Refinances an Affordable Multifamily Property in Corsicana, Texas read story - Total funding equals $4.5 million- New York, NY - May 8, 2013- Centerline Capital Group ("Centerline"), a provider of real estate financial and asset management services for affordable and ...   First Person: Why the Housing Recovery in Idaho Isn't Helping Our Property Values read story Is the housing market finally on the recovery? You certainly wouldn't guess it in my neighborhood. Ada County, Idaho might be heralded as one of the top ten metro markets in leading the housing recovery (Forbes.com) but that's only because the rate of foreclosure is finally on the decline.   Mainstreet Equity Corp reports 10th consecutive quarter of double-digit year-over-year growth in net operating income ... read story Mainstreet Equity Corp reports 10th consecutive quarter of double-digit year-over-year growth in net operating income and funds from operations, continues expansion in strong Western Canadian property ...