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Updated almost 2 years ago on . Most recent reply

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34
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8
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Robert Pole
  • Brooklyn, NY
8
Votes |
34
Posts

Looking for cash out refi’s on properties in the 125k range

Robert Pole
  • Brooklyn, NY
Posted

My lender doesn't loan on LTV under 125k. I have 3 solid income duplexes that I own free and clear. I'd like to pull money out of them and buy something bigger.

Most Popular Reply

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4,077
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1,271
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Erik Estrada
#4 Mortgage Brokers & Lenders Contributor
  • Lender
1,271
Votes |
4,077
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Erik Estrada
#4 Mortgage Brokers & Lenders Contributor
  • Lender
Replied

Hey Robert, 

Most DSCR lenders can do a minimum loan amount of $75,000. You can also blanket these properties to reduce your closing costs (if they are the same property type and in the same area)

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