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Updated over 4 years ago on . Most recent reply

Daniel Han's profile image
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Daniel Han
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  • Member since Mar 1, 2019
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Daniel Han's profile image
Daniel Han's profile image
Daniel Han
  • Investor
  • Member since Mar 1, 2019
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Daniel Han
  • Investor
70
Votes |
74
Posts
Private Lending & Conventional Mortgage Advice

cash out refinance on rental property available?

Daniel Han
  • Investor
Posted

I have been asking a few mortgage brokers and all of them are saying no cash-out refinance available for rental properties due to Covid19.

Is it like this just in CA?

Is the restriction getting better?

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Jason Wray's profile image
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Jason Wray
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  • Member since Jun 16, 2020
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Jason Wray's profile image
Jason Wray's profile image
Jason Wray
  • Banker
  • from Nationwide
  • Member since Jun 16, 2020
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Jason Wray
  • Banker
  • Nationwide
1,276
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2,268
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Jason Wray
  • Banker
  • Nationwide
Replied

Daniel,

There are no cash out restrictions due to covid-19.  There are only certain banks not doing them due to their own risk rule or overlays.  

  • Jason Wray
  • [email protected]
  • 727-637-4289
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