Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago on . Most recent reply
Looking for a cash out Refi on Free and Clear Rental
My wife owns one rental property in her name only - Its currently rented for $1750, is valued at $425k. We're looking to do a cash out refi (60% LTV - ~$250k). Her credit is around 660-670 range. She does not work (Mom, so works a lot lol). I own a lot of rental property but am not on the title of this one and do not intend to be. Any NQM Lenders that can offer good rate/terms for this deal on a 30 year fixed? The money will be used to purchase another rental free and clear.
Most Popular Reply
@Chris Wolfe I'm looking for the same. I heard of ion lending but not sure of any others. Let me know if you come up with any other options.