Updated about 2 years ago on . Most recent reply
Cash Our Refinance Options on Investment
Good afternoon,
I am weighing my options for a condo I have.
Recent appraisal (Mar 2023): $232k
Current Mortgage: $67k
HELOC: Max is $100k; will have about $65k used
I am looking to cash out refinance this condo to invest in more properties. The condo will be rented in the next month; our contractors are finishing the remodel project right now.
Is 75% the max option I have? Are there any lenders out there going to 80%
Thank you.