Refinance

More info needed.. your profile says your from CA.. but you say you live in MD.. if the property is your primary residence, and your loan to value is at or below 95%, then you can do a "Rate and Term" refinance. If it's a 2nd home or an investment home, then the LTV's must be lower.. 2nd homes are 90% and Investment must be 80% or lower.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Providing you meet all the usual qualifying standards for a typical standard conforming loan, and you have excellent credit, as your primary home, you couldrefinance with a minimal down payment of 3%, though you can fare a little betterif you could put 5% down. Otherwise, you do need to hold at least 10% equity in the property to refinance as a second home.