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Updated over 13 years ago on . Most recent reply

Nate Smith's profile image
Nate Smith's profile image
Nate Smith
  • Rental Property Investor
  • from Detroit, MI
  • Member since Oct 26, 2009
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Nate Smith's profile image
Nate Smith's profile image
Nate Smith
  • Rental Property Investor
  • from Detroit, MI
  • Member since Oct 26, 2009
Connect
Nate Smith
  • Rental Property Investor
  • Detroit, MI
3
Votes |
20
Posts
Private Lending & Conventional Mortgage Advice

Refinaceing home that is on a land contract

Nate Smith
  • Rental Property Investor
  • Detroit, MI
Posted

I have a house that i bought one year ago. I am looking to refinance the home and get cash out. The place is worth $100,000. I owe $20,000 and am looking to get $50,000 loan to pay off car and student loans. I am just wondering if this is possible because i have bought the place on a land contract.

Thanks, Nate Smith

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