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What is the 2014 max ltv on debt consolidation loan

by jonathanSpeck899 from Agoura Hills, California. Dec 28th 2013 Reply


Pete Bass (PeteBass)
#30 ranked lender in Connecticut - 476 contributions

Please provide more information- is this a primary residence that you will be refinancing? what type of loan do you currently have? Have you refinanced in last couple of years? if so, was it a cash out refinance?

Dec 29th 2013
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Hello Pete, yes this is primary residence. I refinanced in 2009 with a 5/1 ARM and I combined our first and second into 1 loan at $660K. Property value is now about $800K.

Dec 29th 2013
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

Realistically, figure 43% - Especially after January 10, 2014 when new rules come into play.

Dec 30th 2013
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Jumbo loans are a "non conforming" loan product, meaning that every lender that offers this financing, can have their own set of rules which are different from other lenders.. LTV restrictions are different for a purchase than a cash out refinance, with a cash out being more risky, so the LTV will typically be lower. Since you're at 83% LTV just based on your balance and value, it's unlikely any jumbo lender is going to let you pull any cash out on a refinance, since typically they want to be 75% LTV or less.. .. 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

Dec 30th 2013
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Jamie Lynne (nationwidelenderforyou)
#137 ranked lender in Texas - 576 contributions

The max that we offer is 90% in CA. Let's discuss your loan scenario in more detail. Contact me at 800 315 8803. My name is Jamie and I have been in the mortgage business since 1989. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you. Jamie Lynne - www.bartprequalifies.com - email Jamie@bartprequalifies.com - 800 315 8803

Dec 31st 2013
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