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lenders/refi with cash out 905 LTV
Posted: Mon Aug 09, 2004 8:05 am
by dennis white
Are there any lenders who will refi with 90% LTV for a decent rate?
Re: lenders/refi with cash out 905 LTV
Posted: Mon Aug 09, 2004 1:13 pm
by Andrew
Dennis,
If your loan is already a mortgage, then yes you can get a decent refi rate........depending on what you have now.
We are in Texas, but I don't know of anyone offering cash out on MH here.
Re: lenders/refi with cash out 905 LTV
Posted: Tue Aug 10, 2004 5:47 am
by rmurray
The only way to get cash out that I know of is to take a second mortgage...then refi the balance of the 1st and 2nd up to 90%...
I had a customer do this with a relative and it worked fine..
.Sorry but the Fannie Mae and Freddie Mac rules changed and direct refis cannot cash out above 65%...Lender all go by these rules just in case they want to sell the loan...
Re: lenders/refi with cash out 905 LTV
Posted: Thu Aug 12, 2004 5:18 pm
by John Greene
yes, money and lenders are out and about, that do this type of lending. What state are you located in?
go to website
www.OneHomeAddress.com