Cash out refi / portfolio lender
4 Replies
Robert Barnes
Professional from Columbia, SC
posted about 2 years ago
Hello guys I'm looking for a portfolio lender in Columbia SC. I would like to do a cash out refi on a few SF that I have.
Jared Rine
Lender from Sacramento, CA
replied about 2 years ago
@Robert Barnes ..what do you have going on? What's value on each property? Why do you need a portfolio lender? Do you need flexibility on income or something?
Robert Barnes
Professional from Columbia, SC
replied about 2 years ago
@Jared Rine I have homes that I own free and clear. They are worth 65k to 75k a piece. I'm looking for a bank to pay off some dept.
Ken Jernigan
from Wilmington, North Carolina
replied about 2 years ago
Community banks and some credit unions do this. It'd be a good idea to start a relationship with a local lender.
Diana Muresan
Lender from Chicago, IL
replied about 2 years ago
@Robert Barnes why do you need a portfolio product and not a conventional or non-agency? I do portfolio loans but those are always last resort