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Updated over 5 years ago on . Most recent reply

User Stats

37
Posts
11
Votes
Simon Hernandez
  • Rental Property Investor
  • San Jose, CA
11
Votes |
37
Posts

Cash-out recommendations for SFR in Florida

Simon Hernandez
  • Rental Property Investor
  • San Jose, CA
Posted

Hello all,

I've got a SFR in Florida that I own outright. I took possession via quitclaim deed from a JV partner in March. Market value is around $115k and I'm looking to cash out $80-90k. With mortgage rates what they are, I'm inclined to look for a 30 year note to preserve cashflow. FICO > 800, DTI not an issue. Does anybody have any recommendations for lenders in Florida that would be a good fit? I'm pursuing the more traditional avenues (WF, B of A, Chase, etc.) but if I can find better terms or service from a smaller institution that investors have had good experiences with, I'm all ears. Thanks!

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