Refinance at 90% LTV

[Kyle Smith]

Do some banks or credit unions let you refinance at 90% LTV? I'm trying to do a BRRRR, but the numbers don't make as much sense when refi at 80% LTV. I want to do the project for the long term hold and cash flow aspect. I'm just worried it won't cover my cost to pay my lender back for the flip and I would have to come out of pocket or sell the house for minimal gain.

[Jonathan Taylor]

@Kyle Smith Im in agreement. 90% Cash out does not exist. With the rates where they are, most properties dont debt cover at 80% LTV. This may be the case to either leave cash in the deal or if you are unable to cover the payoff of the first mortgage, you may have to sell.

A lot of borrowers are in this position so ask yourself what is the amount you are willing to leave in the deal.