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Updated almost 9 years ago,

User Stats

4
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0
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Javier Navarro
  • Investor
  • Norwalk, CA
0
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4
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Refinance cashout

Javier Navarro
  • Investor
  • Norwalk, CA
Posted

hey guys I was wondering if if anyone can please help me with this dilemma!… We have a property that is owned 100% free and clear and have eight other rental properties that have mortgages. We tried to refinance the property but the bank that we worked with did not allow a cash out refi when the owner has six loans under their name... The person setting up our loan mentioned that if we didn't go with Fannie Mae or Freddie Mac we would be able to find a lender that would refi a cash out does anybody know what one of those banks might be?? I would love any feedback and we are very eager to get our first flip going thank you!!

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