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How can I get a cashout loan or refinance that can give me 70% of my current equity?

I know that's pretty high but it's going into my business and Ifor good return. Taking out 70% of my equity will bring me back up to 90% LTV. Last time my DTI was calculated it was in low 30's and my credit is 728 by leonafells78634694 from Bailey, Texas. Jan 27th 2015 Reply


Henry J Daniels, CMPSI, CMHS (HenryJDanielsNationalMortgage)
#14 ranked lender in Texas - 133 contributions

Yes, I'd be delighted to discuss your situation with you. On our Cashout Refi's we have no closing costs. Henry Daniels @ efast Funding 936-228-1944

Jan 27th 2015
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Derrick Novakowski (dnovakowski@novalends.com)
#224 ranked lender in Texas - 5 contributions

If this is your primary residence, Texas law limits you to 80% LTV but I would be happy to discuss options with you. We do non-mortgage lending too. Feel free to call, email, or text message me anytime. -Derrick Novakowski | 14 Year Mortgage Veteran | NMLS 728822 | 214-455-1780 | dnovakowski@novalends.com

Jan 27th 2015
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Rick Carrier (rickcarrier)
#30 ranked lender in Texas - 28 contributions

In Texas you can only go up to 80% LTV on a primary residence for cashout purposes. Call me anytime with any questions. We have a 2 week turn time right now.Rick Carrier Weststar Mortgage 281.923.6956 rick@weststarmc.com

Jan 27th 2015
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Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#77 ranked lender in Florida - 2,240 contributions

I believe you will be maxed out at 80%. Sorry for the bad news.

Jan 27th 2015
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Dave Metsker (DaveMetsker)
#37 ranked lender in Oregon - 2,317 contributions

You may be limited to 80 LTV.

Jan 27th 2015
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,722 contributions

Nope.. not going to happen.. Texas restricts cash out refinance transactions to 80% LTV max.. (Texas A6 Laws).. As far as what your intend to do with the funds, it's really not an issue and rarely does the lender care.. 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

Jan 27th 2015
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