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Charles Goodwin
  • Investor
  • Piedmont, AL
3
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19
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Cash Out Refi in Gadsden

Charles Goodwin
  • Investor
  • Piedmont, AL
Posted

Anyone know of a bank that will do a cash out refi on a single family home that I just finished renovations on. Expecting an $85,000 valuation and most places I have contacted won't do anything under $100k. House is located in Gadsden, AL.

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54
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34
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Jesse Byrer
  • Lender
  • Chicago, IL
34
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54
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Jesse Byrer
  • Lender
  • Chicago, IL
Replied

@Charles Goodwin must won't go below $75K (max loan to value ratio of 75%) so with a value of $85K your loan would be too low. Is the property currently free and clear or do you have a lien on it? I have an investor HELOC that might be an option! Happy to talk though it if you'd like.

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