Mortgage on a house fully paid

Yes, the amount that you can request the loan to be for is less with 2nd homes or investment properties, versus your primary residence. You would still need to qualify for this loan as well as your other debts (mortgages, installments, credit cards). Call me to discuss 512-807-2951.

Yes you will be able to take cash out. How much will depend on how you hold title to this home. If you would like to speak about the details give me a call I am a licensed loan officer in the state of Arizona 602-531-7040 or jafonso@azhomerates.com.

Yes, you will be able to take cash out but you will to qualify based on value, debts, reserves, and FICO. Depending on how you utilize the property (2nd home or investment/rental property) and how you hold title, will depend the loan to value you can use for your maximum cash out value. As a Senior Mortgage Banker with a direct FHA/VA, Fannie Mae and Freddie Mack lender experienced and licensed in Arizona and California, I would be pleased to go over your options and answer any questions you may have. We can complete your loan in 1-2-3 weeks depending on your providing the required mortgage support documentation. You can call me at 623-340-0934 or you can email me at korene@wjbradley.com or you may submit an online application at www.klcsloanteam.com/application which every is easier and more convenient for you.

You can... if you don't live in the property, then the lender is going to price your loan as Investor owned. Little bit higher costs/rate. WilliamAcres.com

As you see, most likely to be treated as an investment property. On that note, you can take a loan up to 75% of the appraised value. How recent did you buy this property? It's likely that you may have to owned property for 90 days before taking out a loan ( equity ) to perform home improvements.Aaron BrownFlagstar Bank480-538-0611 Ext: 226