Refinancing LTV on a small multi family income property

[Derek Samuelson]

I'm interested in pulling some capital out of a duplex I own in the Hampton Roads area of Virginia. I've owned it for about 8 years, it's got an FHA loan on it, there's $112,000 on the loan, and I believe the ARV is $180,000. I'm trying to figure out if I can cash out refinance to an 80% LTV conventional loan on this type of property or should I refinance down to what the remaining balance is and then do a HELOC to pull out the rest of the equity(I'm not sure if that's even an option). I would also like to get rid of the FHA and PMI. If anyone could recommend any banks for this type of situation or any advice would be much appreciated.