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Updated over 1 year ago on . Most recent reply

User Stats

338
Posts
76
Votes
Nathan Frost
  • Rental Property Investor
  • Wichita Falls, TX
76
Votes |
338
Posts

Cash Out Refinance at 80%

Nathan Frost
  • Rental Property Investor
  • Wichita Falls, TX
Posted

Hi, I am looking for anyone that lends in Texas that could combine my 5 properties into one loan so that I could pull at least 110k equity out.  Trying to find a lender that does 80% of the market value or even 75% if can put it on a 30 year note.  Appraisals 550-560k.  Loan totals I owe = $296,000.  Please let me know.  Don't want high fees or tons of closing costs.  Maybe could roll closing costs into the loan.  Goal is to pay off debt and pull some cash out for another rental.  

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