Lance Foster
Cash out refinance or HELOC?
My wife and I are looking into a couple of different options to fund our first rental property. Originally we were looking to do a cash out refi on our house to get money for the down payment on the rental of 25%. Ide...
Bhaskar Pusuluri
Cash out refinance in NC
Looking for cash out refinance options in NC.The lender I am working with said,they can cash out refy for 75% LTV.now they are saying that rules changed .they only cash out what I have spent. Otherwise wait for 6 mont...
Dustin Morris
Appraisals, Cash outs, and Refinances
Wanted to get some insight on people's experience with cash out and refinances for rental properties. I currently own 3 properties soon to be 4 next week and I'm trying to look at some of the best ways to cash out on ...
Theodore Tasoulas
Issues with cash-out refinance
Trying to cash-out refi on a long-held property and bank is stating there is 75k mortgage from the 90s with no documentation its paid off. Have refinanced same property since then with no issue so not sure why. How ca...
Oleksandr Ivanovskiy
Investment property cash out refinance
I have a rental I owed over 10 years. Try to do cash out refinance with Quicken loans. They told me I can’t since Fannie Mae change some rules. Any other avenues I have to be able to get cash out?Thank you in advance.
Kate Budroe
Questions Regarding Cash Out Refinance
I'm finishing up the "Rehab" portion of my first BRRRR duplex property. When starting to think ahead to the "Refinance" step to do a cash out refi to repeat the process, I have a few questions:
1) Does a 12 month lea...
Matthew Johns
Cash out refinance rental property
Looking on buying a property and living there fixing it up than moving and using it as a rental. The property I’m looking at has a lot of potential to force a lot of equity on it. I was wondering is it a bad idea to d...
Tim Lewis
Bad credit Cash Out Refinance
Hi all. I was wondering if you could give me some advice on what I can do in my situation. I've rehabbed a home in Fort Smith AR and currently have it on the market. My credit score is shot due to falling behind on di...
Juan Pablo Herrera
Cash out refinance worth it?
Hello,
I owed a condo in FL, it’s a 2/2 , bought it for $143,000 1.5 years ago. Our current mortgage is $749 + 314 of HOA a total of $1063 per month, our rate was 3.0% fixed for 30 years. The rents are going for $180...
Jack B.
Cash out refinance tax consequences?
Let's say I take the money out and reinvest in another mortgaged property as a rental. I can now deduct the portion of interest expense related to the Cash out refinance as an expense for the NEW property (rather than...