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Updated over 1 year ago on . Most recent reply

Emily R.'s profile image
Emily R.'s profile image
Emily R.
  • Investor
  • from Philadelphia, PA
  • Member since Feb 8, 2019
  • Posts 8
  • Votes 3
  • Experience 5 Yrs
  • Investments 1
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Emily R.'s profile image
Emily R.'s profile image
Emily R.
  • Investor
  • from Philadelphia, PA
  • Member since Feb 8, 2019
  • Posts 8
  • Votes 3
  • Experience 5 Yrs
  • Investments 1
Connect
Emily R.
  • Investor
  • Philadelphia, PA
3
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8
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Mortgage Brokers & Lenders

Refinance at appraised value at closing ~$100k

Emily R.
  • Investor
  • Philadelphia, PA
Posted

I have a cash deal under contract that I'm looking to refinance at appraised value rather than acquisition price right at closing. It will probably appraise for around $100k. It will be titled in an LLC. Can someone recommend a lender to work with?

Philadelphia, Pennsylvania
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Jack Tulloch
#2 Mortgage Brokers & Lenders Contributor
  • Lender
  • Austin, TX
579
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Jack Tulloch
#2 Mortgage Brokers & Lenders Contributor
  • Lender
  • Austin, TX
Replied

Emily - as others have mentioned, you will likely need at least 3 months seasoning for a lender to look at appraised value compared to cost basis. 

  • Jack Tulloch
  • [email protected]
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