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Updated 7 months ago on . Most recent reply

User Stats

10
Posts
1
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Gavin Wright
  • Rental Property Investor
  • Bluffton, SC
1
Votes |
10
Posts

CASH-OUT RE-FI at 80% LTV or better.

Gavin Wright
  • Rental Property Investor
  • Bluffton, SC
Posted

Hello all,

I am looking to cash-out Re-fi several newly renovated SFH rentals in the Hinesville ,GA area.

I understand that typically investment properties have a threshold of 75% LTV in a CASH-OUT scenario, but I figured it couldn't hurt to ask if any of you fine people know of anyone that could push it a little closer to 80%.

Thank you!

  • Gavin Wright
  • Most Popular Reply

    User Stats

    482
    Posts
    767
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    Matthew Kwan
    • Lender
    • Seattle, WA
    767
    Votes |
    482
    Posts
    Matthew Kwan
    • Lender
    • Seattle, WA
    Replied

    Yes there are products that can up to 80% LTV for DSCR with 6 months reserves. Typically rates are 0.5%-1% higher than the full conventional loan, however the beauty is that it requires less documents and quicker close. @Albert Bui @Carlos Valencia

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