house is worth approx. 220,000. Currently owe 175000. Credit scores are under 600. how much can I takeout

The max cash out is 85% so using 220K as value your new max loan amount would be 187K and it would have to be an FHA loan most likely. Give us a call so we can explain all your options. 1-800-9915309 ask for Michelle

It really depends on the type of loan you are getting. Most programs, like Team Best Mortgage said have a max cash out of 85% loan to value. Best wishes, Sean

85% of the value of your home per an appraisal - if you are going with a FHA loan and currently do not have one there will be monthly mortgage insurance required.

We would need to know if you're VA eligible? If not, 85% of whatever your home appraises for on FHA would be the max. Give us a call 800-446-9043 ext 801

The max cash out allowable varies depending on which loan product you go with.. some allow up to 85% while other programs allow 90%.. but with a credit score of 600, you wont find any lender willing to go 85% or 90%.. FHA guidelines are more liberal and allow for the lower scores, so assuming they would allow you to do a cash out, you would be limited to 85% which on a $220K home is $187K.. you owe $175K, and you will have about $3000-$4000 in closing costs, leaving you with $8K to $9K.. hardly seems worth it... If you sell your home, you would net about $30K after selling expenses.. 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

I would need to know more about your situation. Cash out requirements are different per lender and per loan program. For example, we have a 100% LTV VA loan product if you are VA eligible. Please feel free to call me at 610-233-0098 if you would like more information. You can also email me at cgee@perennialfunding.com

We can discuss your different options. You can contact me at andrea@monumentmortgage.net or call 215-272-1157.Thanks,AndreaMonument Mortgage

The answer depends on a few factors... generally speaking as one new loan, you can go to 85% of the value. If you take out a second mortgage, most home equity loans allow up to 90%. Contact a local mortgage broker in your area for more information on a cash out refinance. www.TwinCityHomeLoans.com