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Updated over 7 years ago on . Most recent reply

80% refi possible to complete BRRR process
Hi all,
We are ready to refi a rental home we bought and fixed up. We have owned it for a year now, so I'm hoping it meets all time requirements to do a refi. The broker I used to do the original purchase can do 15% down on the original purchase. But on a refi, he can only fund 75%, leaving 25% equity in the place. We only want to leave 20% equity in the unit. does anyone have a lender that will do a refi like this only leaving 20% equity in? Thanks for your help!
Multiple options are welcomed (if they exist). I am in Nashville, TN btw.
Thanks in advance!
Most Popular Reply

In this order:
Franklin Synergy
Reliant Bank
Cedarstone Bank (Probably will only do a 15yr term)
Civic bank and trust
First Farmers- Luka Milicevic
- [email protected]
- 270-226-9000
