Recent Changes With Cash Out Financing - Up to 10 Properties!

[Jerry Padilla]

• The typical cash out financing is done after 6 months of owning the property, based on ARV and available for mortgaged properties #1-10.
• On a primary residence you can pull out up to 80% LTV on a SFR and up to 75% LTV on 2-4 unit multi-families.
• On an investment property; A SFR if you have #1-10 mortgaged properties, you can pull out up to 75% of the equity and on 2-4 units is up to 70% equity.
• On an investment property; If you have #7-10 mortgaged properties, including subject you are required to have a credit score of 720.