Hi,
I just need some advice! I am getting to the end of my 12 month rehab loan and I need to get it refinanced. The house has not sold yet and being in Ohio, the weather took its tole on getting the house done. We should have been done by Jan and able to get it on the market. But the loan will mature in June. If it is listed in MLS, it will not qualify for refinance. I would like to sell it, but, I’m getting nervous about the time frame. If I could refi, then the pressure would be off.
The house is in Baltimore, Ohio. The appraisal is $135000. I owe just $50,000 + on it. I need to get a loan without proof of income or a no ratio loan. I’m a loan officer and I know that Ohio has backed off this type of loan and I can only hope for a Hard Money Lender that can do this deal.
Is anyone able to offer me some advice? Any Hard money out there for me.
Thanks,
Good Morning Linda
Seems like a no brainer if the appraisal is real. Check with some one in your office…wait, you must work at a bank, so don’t do that. Call a local Mortgage company, they will have many sources of money and should easily handle this. Mortgage Brokers are used to obtaining financing for bank folks.
Darin