You can obtain cash out as long as you have sufficient equity to do so. An appraisal will be ordered by the lender and that will determine the amount of equity you have in the property. Keep in mind that you won't be able to take out 100% of the equity. Generally, you can go up to 80% of the value of the home.
Yes you can pull cash out on a Conventional loan up to 85% loan to value. Give me a call and we can go over your options. 888-320-7888 - www.MortgagesforAmerica.org - Ken Burrows
Yes you can if there is enough equity for a cash out refinance.
Thank you, As you can see from other comments pulling money from the equity is possible if the value is there. However, you may want to reconsider FHA to Conventional if you have a strong appraisal, pull cash out and/or add an equity loan to your home.. This option will remove PMI again if the value is in your home.Please contact me @ chris.caporiccio@wellsfargo.comThank you
As long as you have the equity to do so, then you can obtain cash from your home. We are a lender located in San Diego - we can help you determine how much cash you are eligible for with a cash-out refinance. Call us at 858-605-0952 to discuss your options at no obligation!
So long as you have sufficient equity, then yes.. most lenders will only allow for cash out refi's to 85%. If your homes value supports it, you can take out cash, but understand that it's a different loan product with a greater risk for the lender, so they will usually charge a higher rate for this loan product.. 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. 480-287-5714 WilliamAcres.com
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