I need a O/O cash out refi to 80%. Cash out about
$380,000.00. Sfr, 720 fico’s, full doc. Loan amount about 1,400,000.00 Appraisal is 1,750,000.00. In LA, CA. Will take a 1st or 1st & 2nd or just a 2nd. Help!
Why would this be a polled question?
Keith
Sorry Keith, My first time on this site and just posted it on the wrong one.
No problem…I was just asking.
Just click the “New Topic” button to start a new thread…
Keith
I was waiting for a new thread to start to reply but guess that wont be happening.
Is this a property of yours or are your a mortgage professional trying to assist a client?
How long has the property been owned?
Would a 5/1 interest only be acceptable? (dont ask for rate at this point because there’s more info needed)
It may be possible but some super jumbo lenders have a minimum loan amount of $1,500,000. They may be able to possibly make an exception. Will email them for you and reply tomorrow.
Lender said exception to $1,400,000 is possible.
For someone who needs such a large loan, I would have assumed that you’d check your responses more frequently. Anyway, I’m going to send an email. Please be looking for it.
Workin’ those Forums again :rolleyes