Can I refinance out of a hard money loan?

Can I refinance out of a hard money loan? I’ve seen lenders that are no longer refinancing if the house has been owned for less than 5 years. I also want to know if it is better to get a 20 or 30-year term loan if you want to buy more rental properties? TIA by mandy574 from Arizona City, Arizona. Sep 27th 2022 Reply