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Updated over 7 years ago,
CASH OUT REFI on paid investment properties
Hellp BP World!
Looking to see if anyone has experience and what the avg numbers are for cash out refi on rental properties owned free and clear.
I am in New Jersey ..does anyone know a good small bank I can get in touch with that are reputable.?
I have property free and clear with tenants providing good cash flow...I wanted to see If i can refi one of those properties and use the cash for a new property im looking to get. And whats a good number.. ex... 75% of what house appraises for..6% intrest for 15 years?
Should the underswriter have a easier time with this project rather than a reg home mortgage?
Thanks so much.