Our home near BCS is situated on 100+ acres. Between land appreciation and paying down the note, we are down to a loan-to-value ratio of around 30%. The house and several acres are equal to or greater than the balance on the loan. We have excellent credit, and the loan is mid 6-figures.
Currently, we are at a ~5.5% interest with an ag lender. Though they pay out a dividend which makes the rate effectively lower, I can't help but wonder if we could be doing better given our current situation with the loan-to-value. As I see interest rates in the low to mid 3's, I am trying to figure out how we can refinance under these lower rates. We are open to putting more down, replatting the land to remove a large portion of the acreage or other things that would be required to make our property fit a typical mortgage.
Does anyone have recommendations for a mortgage company or broker who can help with this type of situation?