The property is in Mexico. I was “pre-approved” on a 70% LTV Alt Doc program. The bank has put a hold on fundings indefinately. I need to close on Feb 29th or face a monthly penalty.
The 30% down came from savings.
I have a $75k HELOC I can tap into.
At the very least, I need an additional $75k.
What are my options?
I plan to cash-out refi once the Mexican lenders come back on-line.
I don’t know how it works internationally, But if you need money that fast. A Hard Money lender or Private lendng is one way to go. They’re expensive. Try looking up the Hard Money lenders to the left of the screen. They may be able help you… Good luck!