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For a single-family, primary residence in Greene County, New York, what is the maximum loan-to-value ratio permissible for a conforming, CASH-OUT refinance? Property value is approximately $2700000, existing first mortgagg

Leeds,NY | Sep 8th 2011
by westie_...
Answer


by Gregory...

Hey it is possible to get to 85% LTV on a cashout conforming loan. MI will be required for loans over 80% and will have strict guidelines. Please let me know if you would like to discuss further, I can be reached on my direct line at 631-446-3103 or email at gtopal@relianthomefunding.com.Thank youGregory TopalReliant Home Funding, Inc631-446-3103NMLS# 38684

Sep 9th 2011
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by nyfha@y...

Hello,Max LTV for cash-out is 85% and your middle score must be reasonably good. Depending on what your current pay off balance and assuming value is 270K, new loan will be about $ 229,500.Current rates are increadable.Hope this helpsBTW, is your current mortgage FHA or conventional?

Sep 9th 2011
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