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Updated over 12 years ago on . Most recent reply

Cyrus Lendvay's profile image
Cyrus Lendvay's profile image
Cyrus Lendvay
  • Homeowner
  • from Sunnyvale, California
  • Member since May 10, 2013

User Stats

12
Posts
5
Votes
Cyrus Lendvay's profile image
Cyrus Lendvay's profile image
Cyrus Lendvay
  • Homeowner
  • from Sunnyvale, California
  • Member since May 10, 2013
Cyrus Lendvay
  • Homeowner
  • Sunnyvale, CA
5
Votes |
12
Posts
Private Lending & Conventional Mortgage Advice

Refinancing non-warrantable condo

Cyrus Lendvay
  • Homeowner
  • Sunnyvale, CA
Posted

A good friend of mine is trying to refinance a non-warrantable condo he owns in Davis, CA. Of course, it's an investment so he doesn't live in it. His loan broker is having trouble finding anyone willing to refinance it even though all he needs is about $100k (the condo is worth $175k. Does anybody know what the current options are in a situation like this? How much higher a rate is he going to pay?

I did some searching and didn't see all that much.

Thanks
Cyrus

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