All Forum Posts by: Jennifer Schattle

 Thanks for responding. This is a title co UW denial. Refi-ing under the entity should negate that. The lender is also confused. 

Hi friends,

Has anyone encountered an issue with a cashout refinance DSCR loan with the title company underwriter? Im refinancing under my LLC ( with no intention of homesteading on this investment property ) My file was denied because i do not currently own a primary residence. Is this a company issue or new state law?

Hi, I just purchased a property for cash for $40K and put in $15K to rehab it. I already have a renter contracted to pay $750/ mo. I was looking at a DSCR loan but two lenders have told me they can't do a cash out refi if it's valued under $100K. Are there any lenders out there that are willing to do cash out from under 75K? I'm planning to transfer the deed into my LLC once the paperwork is cleared. Thx for your help!