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Updated over 7 years ago,

User Stats

118
Posts
22
Votes
Paul Gwilliam
  • Investor
  • Cincinnati, OH
22
Votes |
118
Posts

Need a lender for Investment Cash out Refi in Utah

Paul Gwilliam
  • Investor
  • Cincinnati, OH
Posted

I've got a property in Utah that I've been considering selling, but That market is HOT, so if I can get a bit of cash out of it, I'd like to keep it. 

I've talked to a few lenders, and it looks like a no go for heloc. can I get a third for an investment property up to 80% LTV?

Market value is 240

current First is 170 at 4.5%

current second is 6 at 6.5%

I'm open to all options that let me pull cash out up to 80%.

I think a non owner occupied refi would bump my rate up too much, but It might still make sense depending on the rate.

Can anyone recommend a lender that would do this?

Thanks,

Paul

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