From what I understand, equity on a property is the amount of money a property is worth minus the amount of money owed on the mortgage on the property.At least one article has said that the principal remaining on the mortgage is the only component of the mortgage that is accounted for when determining the amount of money owed on the property’s mortgage when calculating the equity one has on a property.I am not sold on just factoring a mortgage’s principal into the amount owed on a mortgage because if interest is also owed on the mortgage for the property, the interest should be accounted for in determining the amount of money owed on a mortgage, correct?

Used Uncle's Line of credit available.

@Ethen Royal, credit reporting doesn't help you collect anything.

I've had borrowers pull a lower credit than expected and rate increase by .25% on a $70k loan and he said the deal doesn't work anymore.

If you have bad credit an FHA 3.5% down loan can be a good option.

Account Closed"I wish I owned fewer condos in San Diego" -said no one everAll kidding aside... this is tough one because these are very different options, and all we know about you is what you posted. 

These same owners get mad when we do not start the project at risk and get mad at us instead of themselves.For internal teams, it would be that there is always so much stuff going on and frequently no person is able to be made accountable for the work that is or is not completed.  

I am looking for a 80% DSCR LTV loan for this deal.Here is some quick stats of the deal: Purchase Date August 11th, 2023 Purchase Price: 80KRenovation Cost: 60KAll - In : 140KEstimated ARV: 180k Estimated Rental Rate: $1,400 - $1,600Current Loan Balance: $111,000My Stats:- 720 + credit scoreHere is a link to the property for more information. https://www.zillow.com/homedetails/2730-Antler-Dr-W-Augusta-...Does anyone know any lenders or small banks in the area that will lend up to that LTV for a cash-out refi? 

My credit is 790+. 

They qualify you based on credit, down payment + reserves, and the projected rental income.