Here's my loan scenario Let me know if you can helpI have property in fremont CA worth 1.04 millioncurrent 1st mortgage loan: 693ksecond mortgage (HELOC): 100kpersonal loan: 100kI would like to refi into single loanI make around 140k + 20k bonus credit score:724 by upram1_416_606 from Sunnyvale, California. Aug 29th 2015
So IF the value is $1,040,000...we do not meet the LTV guideline for cash out unless you are a veteran. Max LTV would be 75% which when combining the 3 loans you mentioned is over that...let me know if this info is correct....You can reach me at dan@lansbydan.com or toll free at 877-369-4319.Regards
For the numbers to work, you would need to have a value of around $1.2M. Currently, your at about 85% LTV.. you need to be at or below 75%.. .. 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 NMLS# 226347
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