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Updated 12 months ago on . Most recent reply

User Stats

10
Posts
1
Votes
Gavin Wright
  • Rental Property Investor
  • Bluffton, SC
1
Votes |
10
Posts

CASH-OUT RE-FI at 80% LTV or better.

Gavin Wright
  • Rental Property Investor
  • Bluffton, SC
Posted

Hello all,

I am looking to cash-out Re-fi several newly renovated SFH rentals in the Hinesville ,GA area.

I understand that typically investment properties have a threshold of 75% LTV in a CASH-OUT scenario, but I figured it couldn't hurt to ask if any of you fine people know of anyone that could push it a little closer to 80%.

Thank you!

Most Popular Reply

User Stats

482
Posts
767
Votes
Matthew Kwan
  • Lender
  • Seattle, WA
767
Votes |
482
Posts
Matthew Kwan
  • Lender
  • Seattle, WA
Replied

Yes there are products that can up to 80% LTV for DSCR with 6 months reserves. Typically rates are 0.5%-1% higher than the full conventional loan, however the beauty is that it requires less documents and quicker close. @Albert Bui @Carlos Valencia

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