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Updated almost 2 years ago on . Most recent reply

Bob Paxson's profile image
Bob Paxson's profile image
Bob Paxson
  • Flipper/Rehabber
  • from Philadelphia
  • Member since Dec 22, 2019
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Bob Paxson's profile image
Bob Paxson's profile image
Bob Paxson
  • Flipper/Rehabber
  • from Philadelphia
  • Member since Dec 22, 2019
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Bob Paxson
  • Flipper/Rehabber
  • Philadelphia
17
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Mortgage Brokers & Lenders

What are my Options?

Bob Paxson
  • Flipper/Rehabber
  • Philadelphia
Posted

Want to see my options on pulling cash out on a few properties….

  • Bob Paxson
    • Philadelphia, Pennsylvania
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    Dave Skow's profile image
    Dave Skow's profile image
    Dave Skow
    • Lender
    • from Seattle, WA
    • Member since Sep 14, 2014
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    Dave Skow's profile image
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    Dave Skow
    • Lender
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    Dave Skow
    • Lender
    • Seattle, WA
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    Dave Skow
    • Lender
    • Seattle, WA
    Replied

    @Bob Paxson- thanks - if the proeprty is a rental - your likely best bet will be using a stadard cash out refinance 1st mortgage ...you will need to apply and qualify for the loan and the max loan to value will likely be 75% of the appraised value ( if 1 unit ) ....if the property is a primary residence - a HELOC ( home equity line fo credit ) is an option in additon to the same 1st mtg cash out refinance described above - good luck

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