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Updated over 9 years ago on . Most recent reply

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95
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Elizabeth O.
  • Investor
  • Fairfax Station, VA
23
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95
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Looking to do a cash out refi on my 5th conventional loan

Elizabeth O.
  • Investor
  • Fairfax Station, VA
Posted

I currently have 5 conventional loans; one on my primary and 4 rentals.  I am looking to do a cash out refi on one of my rentals.  Bought for 100k and its worth 140.  I put 20% down. 

Any lenders able to help me out and get this done?

Thanks so much

Elizabeth

Most Popular Reply

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1,784
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Shaun Weekes
  • Loan Officer / Processor / Life & Health Agent
  • Rancho Cucamonga, CA
757
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1,784
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Shaun Weekes
  • Loan Officer / Processor / Life & Health Agent
  • Rancho Cucamonga, CA
Replied

@Elizabeth O.

The only way to get cash out on a conventional loan will be through delayed financing.  If you have owned the home for more than 6 months it won't qualify unless it's your primary.

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