|
POPULAR LINKS
INVESTOR'S FOCUS
REAL ESTATE TOOLS
FORECLOSURE RESOURCES
LANDLORD CENTER
FIND SPECIALIZED PROPERTIES
LOCAL RESOURCES
|
FN trying to refi/cashout in St. Louis, MO
5 posts by 3 users
Sotirios B.
|
I am in Toronto, Canada, with an SFR house in St. Louis, MO, that am trying to refinance but having trouble finding a lender that still has an FN program. Everyone I knew has discontinued their programs with the subprime market changes. Can anyone help? Does anyone know of any lenders still financing FNs?
|
||
|
|||
Ben C.Wentzville/St. Louis, Missouri
|
Not everone you know; you've probably forgetten a few. |
||
Sotirios B.
|
Hello Ben, I had not forgotten you :) but I was referring to institutional lenders. Besides, based on our previous talks, for cashout you needed 12 months seasoning. |
||
Ben C.Wentzville/St. Louis, Missouri
|
Indeed, at the time seasoning was a challenge for some foreign nationals. In researching new lenders after the recent programs cuts, I actually found a couple lenders that may work for this. We can discuss tomorrow offline if you'd like. Before 10:30 cst would be best. |
||
Edward Rodri...
|
Sotirios. Wachovia Mortgage can cash out refi for a FN through its World Savings affiliate. We will advance 65%-85% LTV, depending on how we can qualify your residence (we might be able to underwrite as primary residence rather than second home). If seasoning is an issue, LTV would be based on the original purchase amount rather than the current market. Call or email for more info Good Luck. |
||
Posted: 10/02/2007 at 07:46PM
