<prompt> Human: Varying interest rates, all fixed conventional though, as low as 3.25 15 year up to a 4.625 30 year. The highest balance on any of them is 120,000 and the lowest is around 50,000. All of them are below 80 LTV. The PI on mortgages ranges from 500 range to the highest which is 1100.Long story short, is there a cheap way to consolidate things on this many properties to save money? The loan, or the insurance perhaps? Are there any tricks once having this many properties with loans?PS. I also have a sixth mortgage which is my primary residence. It is 4 interest rate 30 year and only at around 90 LTV so there is expensive mortgage insurance 200month on it, that if I had the free cash, I would get rid of by paying it down.  <response>: Your options depend on how much equity you have on each house, but you also need to be aware that interest rates are significantly higher when you refi a rental property as opposed to a primary or vacation home. In addition, you can typically do a cash out refinance that makes your new loan 75-80 of the homes value.Consolidation could work if you do a cash out refinance on one of your homes, and use the cash to pay off one of the other houses. For example:House A has a 100,000 balance and is worth 300,000.House B has a 100,000 balance and is worth 120,000.House C has a 100,000 balance and is worth 120,000.Houses B and C wont be refinanceable unless you bring money to close to get them under 80 LTV, or 75 depending on lender. However, 75 of House As value is 225,000. You can refi, take a 225,000 loan. Of this, you have 125,000 in cash. You can use that to pay off House C so now its owned free and clear, and pay down 25,000 of House B, bringing to balance to 75,000 and allowing you to refinance without bringing extra cash to closing.In this way, youve technically consolidated debt by shifting what you owed on House C onto House A. However, it requires that you have enough equity in the houses to take cash.You also have to remember that rental refi rates right now are around 4.25 give or take 0.25 on a 30 year - so youll have to consider if refinancing is even worth it based on what you have.There is no simple way to just smush all the loans together otherwise, because they are currently secured by 5 different properties, and a non-private lender wouldnt take the kind of risk it would require to issue one loan covering 5 properties. So your only real way around that would be to do cash out loans on a few properties and use those proceeds to pay other mortgages off. It also has the benefit of reducing the number of closings as opposed to refinancing each home individually. 