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Updated almost 6 years ago on . Most recent reply

Christian Chevier's profile image
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Christian Chevier
  • Contractor
  • from Aurora, Colorado
  • Member since Dec 1, 2015
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Christian Chevier's profile image
Christian Chevier's profile image
Christian Chevier
  • Contractor
  • from Aurora, Colorado
  • Member since Dec 1, 2015
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Christian Chevier
  • Contractor
  • Aurora, CO
10
Votes |
20
Posts
Private Lending & Conventional Mortgage Advice

Rental SFH refinance Ohio

Christian Chevier
  • Contractor
  • Aurora, CO
Posted

Hello friends. Denver resident here seeking a lender to refinance my existing SFH rental in Akron Ohio. Purchased in 2017. Mortgage $40k. Valued at $75-$85k. Current lender doesn't seem interested in my business. Looking for 80% refinance cash out to invest in next property. Does anyone have a lender they prefer?

Thanks! Christian

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Eric Veronica's profile image
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Eric Veronica
  • Lender
  • from Cleveland, OH
  • Member since Sep 4, 2011
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Eric Veronica's profile image
Eric Veronica's profile image
Eric Veronica
  • Lender
  • from Cleveland, OH
  • Member since Sep 4, 2011
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Eric Veronica
  • Lender
  • Cleveland, OH
429
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Eric Veronica
  • Lender
  • Cleveland, OH
Replied

@Christian Chevier If you are looking for a conventional cash out on a SFR you will be limited to 75% LTV. 2-4 unit allows for 70% LTV :-)

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