Clarity on 30 yr refi guidelines

[Joseph Hammel]

Hello, Joe here in Minnesota.

I have 12 of my properties financed under traditional 30 year loans. Nine of them are rentals in my name, one is a rental in my wife's name, one is a rental in both of our names, and one is our personal home in both of our names. I also have 3 other properties in commercial loans. I am looking to pull some equity out of some of my properties. 

1. Is it possible for me to refinance any of my traditional loans into new 30 yr fixed loans? I have had this discussion with multiple people but can't get a definitive answer.

2. Can a cash out on a single family have a 80% ltv? My credit unions is at 75% max. Is this an overlay?

3. Can a cash out on a 2-4 unit have a 80% ltv? My credit Union is at 70% max. Is this an overlay?

Thanks in advance!

Joe Hammel