Best 100% Loan to Value va cash out refinancing Lenders by michae_357_269 from Kenmore, Washington. Jun 20th 2012
VA will allow you to go 100% cash out.. Some lenders have overlays.. (Additional guidelines) that will limit the LTV %.. The best advice I can give you is to contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com
I would check with a local mortgage broker because they have a lot of lenders to choose from. Good luck!
hi: May I ask your fico score? please contact me to determine if you meet one of our investors cash out max ltv guidelines you are requesting. Mike (703 505 5300) NMLS 754875
Here is what I found out for you. It is doable under the following conditions:1) if you are paying off the first mortgage and a second mortgage (whether secured at time of purchase or after)2) adding the costs to refinance to the loan.In other words, you can't take cash out but you can consolidate a first and second mortgage into one new loan. Does that make sense? Let me know if you have any other questions. Thanks!Paul
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