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Updated almost 5 years ago, 01/16/2020

User Stats

13
Posts
15
Votes
Kerry B.
15
Votes |
13
Posts

Philly 100% LTV Refi Loan

Kerry B.
Posted

Anyone know of any PA/Philadelphia lending institutions that will offer 90%-100% cash out refinancing?

User Stats

860
Posts
320
Votes
Mayer M.
  • Investor
  • Cherry Hill, NJ
320
Votes |
860
Posts
Mayer M.
  • Investor
  • Cherry Hill, NJ
Replied

@Kerry B.

Are you asking to cash out 90-100% of appraised value? If so, it doesn’t exist, at least not at a reasonable price. You will have to leave equity in the property.

User Stats

428
Posts
478
Votes
Jimmy O'Connor
Pro Member
  • Real Estate Agent
  • Philadelphia, PA
478
Votes |
428
Posts
Jimmy O'Connor
Pro Member
  • Real Estate Agent
  • Philadelphia, PA
Replied

@Kerry B. I would run from 100% Cash out refi like the plague. Reference this video below- Broker Scene from "The Big Short". Be advised, the video contains profanity. 

  • Jimmy O'Connor
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