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Updated about 8 years ago on . Most recent reply

Eric Stanley's profile image
Eric Stanley's profile image
Eric Stanley
  • from Canby, Oregon
  • Member since Dec 27, 2015

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11
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Eric Stanley's profile image
Eric Stanley's profile image
Eric Stanley
  • from Canby, Oregon
  • Member since Dec 27, 2015
Eric Stanley
  • Canby, OR
2
Votes |
11
Posts
New Member Introductions

Help me get started - can I refinance my home?

Eric Stanley
  • Canby, OR
Posted

I want to get started in real estate but am having trouble with the capital required. Is it possible to refinance my home to get $ out? Here are some specs:

Price: 330,000

Downpayment: 30,000

Loan amount: 288,000

Comps in the area as of today (appreciation and rehab) would make it appraise at appx: 380,000

Thanks!

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