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Updated over 9 years ago on . Most recent reply

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Brent Cochran
  • Investor
  • Santa Clara, CA
0
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1
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Refinancing an Investment Property - LTV Max Issues

Brent Cochran
  • Investor
  • Santa Clara, CA
Posted

Hello Folks - I am attempting to refinance a home that I have rented out and keep running into maximum loan to value limitations. Making some assumptions about the appraisal amount, it seems i need to borrow somewhere between 70 and 80% of the FMV of the property. I'm hoping someone here will know of some banks that will loan these percentages on non-owner occupied homes.

My credit and debt:income ratios are all great, and rental history with the property is excellent.

Thanks in advance!
Brent

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