Re-finance @ 80% of the appraisal value

[Ayman Elmasik]

Hello BBer's,

I have a house in Houston that is taking so long to sell and the best way to handle this now -as it appears to me- is to refinance it with a lender that can do 80% cash out based on appraisal value (not sales price).

the house was last appraised at 320K when i converted it to conventional loan (out of hard money), I know I should've done this search when I did the refinance but I'm still a newbie :o)

A question to the Houston REI community, do you know any lenders in the Houston market that can do that?

All the best,

Ayman