How to Refinance secondary Home That Has Been Paid Off?

3 Replies

I’m having trouble securing a loan. I have a paid off home that I don’t live in and it’s out of state from my primary residence. I have a full time job that brings in decent amount, 750+ credit scores but I can’t secure a Loan! Any advice?

Originally posted by @Chu Cheng :

I’m having trouble securing a loan. I have a paid off home that I don’t live in and it’s out of state from my primary residence. I have a full time job that brings in decent amount, 750+ credit scores but I can’t secure a Loan! Any advice?

Please feel free to give some more information so that we can help.

Value?

How long have you owned the home?

SFR or MF?

That should be a good start to get you some answers.

Originally posted by @Chu Cheng :

@Shaun Weekes

Zillow market price is $210k, I requested for $150k. I had this townhome for almost 10 years.

 You should be good to go as long as your C.I.A. ( Credit, Income, Assets ) is strong enough to support it.  I sent a request.