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Updated almost 6 years ago,

User Stats

32
Posts
11
Votes
Dan Cournoyer
11
Votes |
32
Posts

Why? Lending Question on Loan %

Dan Cournoyer
Posted

When purchasing investment properties I've found lenders will allow 80% and in some cases 85% loan on the purchase price. I'm closing on one next week using 80% loan. My next property I'm hoping to do a BRRRR - purchase in cash and then refinance after 6 months. I just learned that the amount of loan on a 6 month cash out refi is only 75%. Does anyone know why it's lower? Have you used a lender that allows 80% or more on a 6 month cash out refi? Have I not been listening close enough to the podcast? I never heard them mention this. Thanks!

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