Mortgage Brokers & Lenders
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Updated almost 6 years ago,
Why? Lending Question on Loan %
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!