I need To Maximize Cash Out on a current 85% ltv primary residence
Having found no loan to refinance my Freddie Macx unwarrantable rental condo I'm now faced with trying a conventional refinance of my primary residence. What type of loan will maximize "cash out"? Facts: Zestimate value is 772K Principle Balance: 648,768Currently I have a interest only loan at 5.75%FICA Score is 730 - 740Looking for 30 yearcurrent monthly payment $3,880 by parkhijf from Santa Ana, California. Jan 26th 2011
Rich Constantine (rconstantine)
#399 ranked lender in California - 79 contributions
You can do a High balance FHA loan Cashout refi to 85%. 80% to stay conventional. FHA has lower rates. I lend in all 50 States. Hope this helps. RC
Dan Paladin (dpaladin)
#356 ranked lender in California - 792 contributions
Now you state that your condo's loan is owned by Freddie..if that is the case you can refinance it through a specific loan program. As for your primary property there are not any loan programs that allow cash out at that level of LTV...for a no obligation mortgage consultation feel free to contact me...
Jake Belcher (JakeBelcher)
#18 ranked lender in Kansas - 87 contributions
I would need more details. Contact me at 913-541-0303 ext137
Ask our community a question.
Get an answer
Related Questions
