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Updated almost 9 years ago,

Matthew Thorp's profile image
Matthew Thorp's profile image
Matthew Thorp
  • Flipper/Rehabber
  • from Jacksonville
  • Member since Mar 2, 2016
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User Stats

22
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2
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Matthew Thorp's profile image
Matthew Thorp's profile image
Matthew Thorp
  • Flipper/Rehabber
  • from Jacksonville
  • Member since Mar 2, 2016
Connect
Matthew Thorp
  • Flipper/Rehabber
  • Jacksonville
2
Votes |
22
Posts
Private Lending & Conventional Mortgage Advice

going from hard money loan to 30 year conventional

Matthew Thorp
  • Flipper/Rehabber
  • Jacksonville
Posted

I have heard different answers but my situation is I have a $200,000 loan from hard money and want to take out a 30 year loan for $200,000. My question is the house is now worth $275,000, can I take the equity of $75,000 to use as a down payment when I go for the new loan?

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