Cash out ReFi options?

[Nick Giarratano]

We currently have 2 duplexes and looking to expand our portfolio by using the BRRRR method. We have enough money in HELOCs and cash to fund the purchase and rehab steps.

However we have been having trouble finding a lender that is willing to allow us to get the full 80 percent loan to value in a refinance. Wondering  if I should reach out to local credit unions or maybe a mortgage broker? Where do most people turn when looking to get a 20 year mortgage on a property that own outright? 

[River Sava]

Hi Nick - 75% LTV is standard for a cash out refi. 80% LTV is doable for a rate term refi.

Going to be tough to find a cash out at 80% and if you do I would be cautious about additional/potential hidden fees. Speaking from personal experience.