Real Estate Investing Forums

Real Estate Investing => Financing, Hard Money Lenders, Private Money => Topic started by: 1210sms on September 07, 2006, 07:50:09 pm

Title: refinancing with cash-out
Post by: 1210sms on September 07, 2006, 07:50:09 pm
Does anybody knows any lenders in Massachusetts that will do 95% LTV refinancing with cash out on a non owner occupy investment property? 8)
Title: Re:refinancing with cash-out
Post by: zachj on September 07, 2006, 08:18:34 pm
Depends, can you give more info...  What is the fico score, full doc or stated, and when was the property purchased?
Title: Re:refinancing with cash-out
Post by: 1210sms on September 07, 2006, 08:42:02 pm
FICO score 715, full doc, the property was puschase 13 months ago. Currently value at $354,801 with a loan balance of $278,000.
Title: Re:refinancing with cash-out
Post by: ShaunG on September 07, 2006, 10:02:52 pm
I'm sure there are quite a few brokers on this board that can do it.  With that fico, going full doc, and if you have 6 months PITI reserves.....you should be able to get 100% if you need it.  Of course, rates will be more attractive at 95%.
Title: Re:refinancing with cash-out
Post by: Investment Loans on September 07, 2006, 10:36:16 pm
Slam dunk!

You shouldn't have any problems with this one.
Title: Re:refinancing with cash-out
Post by: zachj on September 07, 2006, 11:52:29 pm
Yes then 95% can be done.  Is this for yourself or you're client? What type of loan are you looking for?
Title: Re:refinancing with cash-out
Post by: 1210sms on September 11, 2006, 12:12:59 pm
Yes then 95% can be done.  Is this for yourself or you're client? What type of loan are you looking for?


The loan if for myself and I am looking for a fix loan, amortize over 30 year with a good rate.
Title: Re:refinancing with cash-out
Post by: zachj on September 11, 2006, 12:25:00 pm
ok no problem ill pm you...
Title: Re:refinancing with cash-out
Post by: Investment Loans on September 11, 2006, 02:02:25 pm
95% definitely available, possible even 100%.