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Updated about 8 years ago,

Steve S.'s profile image
Steve S.'s profile image
Steve S.
  • from Dallas, Texas
  • Member since Feb 15, 2014
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649
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52
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Steve S.'s profile image
Steve S.'s profile image
Steve S.
  • from Dallas, Texas
  • Member since Feb 15, 2014
Connect
Steve S.
  • Dallas, TX
52
Votes |
649
Posts
General Landlording & Rental Properties

Cash out refi questions - help me think through this example

Steve S.
  • Dallas, TX
Posted

I purchased a house for $200,000 putting 25% down.  My loan was $150,000.

The house is now appraised for $275,000.

70% LTV is $192,500.

If I did a cash out refinance, for the full 70%, how much cash could I get from the bank?

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