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Updated over 7 years ago,
Mortgaging a home for 75% loan to value question
I'm sure this question has been asked a million times on this site, but I could not find it through the all the posts on BP. I have bought a home for all cash under Market Value through my corporation (lets say 170K), and it appraised for 225K. I would like to get a 75% loan to value on the property to get my money back out. Does anyone know what today's rates would look like on a 30 year amortization loan? Or what leading terms you would typically get from a bank if you have the property to leverage?
Oh, the company is new and only has that 1 property as an asset. Thanks in advance for your feedback BP community!