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Abiola Ayanbule
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Jason Wray
Pro Member
#4 Private Lending & Conventional Mortgage Advice Contributor
  • Banker
  • Nationwide
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Jason Wray
Pro Member
#4 Private Lending & Conventional Mortgage Advice Contributor
  • Banker
  • Nationwide
Replied Jan 11 2024, 23:20

Why not just do a cash out refinance you can go up to 75% LTV using Fannie/Freddie or with a DSCR program.

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Abiola Ayanbule
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Abiola Ayanbule
Replied Jan 12 2024, 04:52

How do you go about doing that? My loan is not with Freddie/fannie may… as the prop value is over $1m. What is a DSCR program?

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Michael Gussin
  • Lender
  • New York
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Michael Gussin
  • Lender
  • New York
Replied Jan 12 2024, 09:24

We do have programs that offer HELOC on investment properties in NY. If you have questions or would like to set up a call let me know! It is one of our niche products and pretty simple.

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Abiola Ayanbule
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Abiola Ayanbule
Replied Jan 12 2024, 19:22
Quote from @Michael Gussin:

We do have programs that offer HELOC on investment properties in NY. If you have questions or would like to set up a call let me know! It is one of our niche products and pretty simple.

 Thanks for your response. Yes I would like to get in touch but prohibited from posting contact details here. How do I get in touch 
thanks, Aby 

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Replied Jan 12 2024, 19:29

Spring EQ was the last one I did. I would offer assistance, but I am currently not Licensed in NY.