No. of Recommendations: 2
2. BAC says that I cannot do it since they have a policy about how many home loans you can have

You need to talk to someone besides Bank of America. I'd suggest talking to a couple of other banks and an independent mortgage broker or two.

Do any of your properties have significantly less than 80% LTV? If so, you could refinance one of those, taking a bit of cash out. Then use that cash to get the troublesome property down to 80% LTV.

At any rate, you're not going to get a single loan for all of your properties anywhere near 4%. I'd hazard a guess that even if you could do it, you'd be looking at something closer to 10%. Using a separate loan for each property is the way to go.

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