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Updated almost 12 years ago on . Most recent reply

Rashad Roane's profile image
Rashad Roane's profile image
Rashad Roane
  • Real Estate Investor
  • from Richmond, Virginia
  • Member since Feb 21, 2013
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Rashad Roane's profile image
Rashad Roane's profile image
Rashad Roane
  • Real Estate Investor
  • from Richmond, Virginia
  • Member since Feb 21, 2013
Connect
Rashad Roane
  • Real Estate Investor
  • Richmond, VA
2
Votes |
15
Posts
Mortgage Brokers & Lenders

HML 70% LTV

Rashad Roane
  • Real Estate Investor
  • Richmond, VA
Posted

I was wondering when a hml lender say that they can loan 70% LTV does that mean that if a property is worth or have an ARV of 75,000 that they would loan $52,500 on the property even if the purchase price is $30,000. If so can the rest of the loan cover the repair cost?

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