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Can 1 refinance with only 5% equity in their home?

by GwenMayor from Marthasville, Missouri. Aug 7th 2016 Reply


Scott Fix (ScottFix)
#1352 ranked lender in California - 184 contributions

If you have an FHA or VA loan, go by the way of streamline. Quick and easy (easier process than an initial loan). You can refinance a conventional loan with acceptable income etc. Best Advice - Find a local loan professional with a good reputation for client service in Mathasville, MO to help you with the process. Go local to meet them face-to-face so you can get all of your questions answered in a personal/professional manner. All the best, Scott. see link of yellowpages for locals. http://www.yellowpages.com/marthasville-mo/mortgage-companies also, see the attached link. Skip the advertisements and go the the lower left column. http://www.homeloanslocal.com/Missouri/Marthasville_Home_Loans.asp

Aug 7th 2016
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Bartolomeo Castelli (BartCastelli)
#32 ranked lender in Missouri - 1,056 contributions

There are options in regards to what you want to do, but you need to make sure if it makes sense. I have done a few loans in your area, and will be glad to talk with you in regards to what you maybe looking for. Give me a call on my cell at 314-712-7474 or at the office at 314-628-1212. Visit my website at www.CallTheMoneyMan.com.

Aug 8th 2016
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,479 contributions

Yes.. FHA, VA, USDA and conventional all allow you to refinance with only 5% equity.. Each of these loans have different guidelines so it's best to meet with a local qualified mortgage expert and let them look at your complete loan profile... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Aug 8th 2016
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