Simple Refi, SF in 45208, Comps $205k+, Refi $160k, Rental

[Christian Beebe]

Hello,

Have a simple refi looking to do on a property we have owned for 15 years. Single family home in a luxury neighbor in Cincinnati, OH. Just looking to refi to combine 1st with Heloc for one loan and to get rid of PMI. Currently rented on new one year lease.

1st - $139k

2nd - $20k

Comps/Value - $205k+

Currently rented (and always rented due to area) on one year lease just signed

Been doing real estate for 15 years

• When did you purchase it? Originally purchased in 2005
• Who has the current mortgage? Citimortgage
• Who has the HELOC? PNC Bank
• Brief description of any updates/renovations made after purchase? – Redid the hardwood floors, new kitchen, new outside paint, new roof (this year), waterproof basement, new HVAC (three years ago), new bathroom, new front porch, landscaping.

Just looking for $160k for refi, we do NOT need any money out.  Currently looking at standard lenders for 30 year fixed but would rather try here first.

Look forward to working with you.  

Christian

Villefranche Properties, Inc