Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

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

Most Popular Reply

User Stats

17
Posts
10
Votes
Dallin D. Hutchinson
  • Investor
  • Sydney, Australia
10
Votes |
17
Posts
Dallin D. Hutchinson
  • Investor
  • Sydney, Australia
Replied

Recently did exactly what you're talking about. In Utah as well. I work with SWBC.

Loading replies...