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