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Author Topic: refinancing with cash-out  (Read 8642 times)

Offline 1210sms

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refinancing with cash-out
« 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)

Offline zachj

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Re:refinancing with cash-out
« Reply #1 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?
Zachary Johnson
Commercial & Residential Loan Specialist
100% financing, Rehab Loans, Hard Money, Construction & Development Loans Internationally
Windsor Capital Mortgage Corp.
office: 619-822-2909 (SEE PROFILE FOR EMAIL ADDRESS), www.propertyloanrates.com

Offline 1210sms

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Re:refinancing with cash-out
« Reply #2 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.

Offline ShaunG

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Re:refinancing with cash-out
« Reply #3 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%.
« Last Edit: September 08, 2006, 07:59:36 am by TRandle »
Shaun Gale
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Ohio Mortgage Company

Offline Investment Loans

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Re:refinancing with cash-out
« Reply #4 on: September 07, 2006, 10:36:16 pm »
Slam dunk!

You shouldn't have any problems with this one.
To Our Success!
Ben Carmona * Consultant * ALL STATES * www.BenCarmona.com * 314-914-6052
1-4 Unit Investment Properties
Hard Money Rehab Loans * 24hr/1 day double close funds * Portfolio/Commercial/Business Options * No Seasoning Refis

Offline zachj

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Re:refinancing with cash-out
« Reply #5 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?
Zachary Johnson
Commercial & Residential Loan Specialist
100% financing, Rehab Loans, Hard Money, Construction & Development Loans Internationally
Windsor Capital Mortgage Corp.
office: 619-822-2909 (SEE PROFILE FOR EMAIL ADDRESS), www.propertyloanrates.com

Offline 1210sms

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Re:refinancing with cash-out
« Reply #6 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.

Offline zachj

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Re:refinancing with cash-out
« Reply #7 on: September 11, 2006, 12:25:00 pm »
ok no problem ill pm you...
Zachary Johnson
Commercial & Residential Loan Specialist
100% financing, Rehab Loans, Hard Money, Construction & Development Loans Internationally
Windsor Capital Mortgage Corp.
office: 619-822-2909 (SEE PROFILE FOR EMAIL ADDRESS), www.propertyloanrates.com

Offline Investment Loans

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    • www.BenCarmona.com
Re:refinancing with cash-out
« Reply #8 on: September 11, 2006, 02:02:25 pm »
95% definitely available, possible even 100%.
To Our Success!
Ben Carmona * Consultant * ALL STATES * www.BenCarmona.com * 314-914-6052
1-4 Unit Investment Properties
Hard Money Rehab Loans * 24hr/1 day double close funds * Portfolio/Commercial/Business Options * No Seasoning Refis

 




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