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Can funds from a cash-out be used toward an investment property down payment

by lonniereyes08794449 from Tallahassee, Florida. Mar 26th 2014 Reply


Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions

Absolutely! Give us a call and we will go over all of your options with you and help find the Best Mortgage Option to suit your needs! 800-991-5309

Mar 26th 2014
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Jericho Cherry (Jerichocherry)
#54 ranked lender in Virginia - 1,107 contributions

Yes they can.

Mar 26th 2014
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David Drakeford (david_drakeford)
#0 ranked lender in California - 63 contributions

Absolutely, give us a call as we'd love to assist. 800-446-9043 ext 801

Mar 26th 2014
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Absolutely.. so long as you have enough income to support the payments, you can use the cash out proceeds for a down payment.. 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. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Mar 26th 2014
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Chris Gummerson (cgummerson11)
#397 ranked lender in California - 648 contributions

Yes, your cashout from your home can be used for purchasing another property. Your new lender may require proof of funds to source the new deposit, so keep all your documents and your final HUD handy.

Mar 26th 2014
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