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I have a home in North Carolina and I live in South Carolina. I rent it and need to refi. lots of foreclosures around it. Ltv>

by dsharpe975 from Myrtle Beach, South Carolina. Jun 2nd 2014 Reply


Brian Esquivel (currentazmortgagerates)
#25 ranked lender in Arizona - 67 contributions

I would check with a lender that is licensed in NC and have them check out your estimated home value so you can get a more accurate figure on your LTV and see if you can refinance your property. If you click on the Community tab on the top right page of Lender411 you should be able to search for a lender to do this for you. Best of luck in financing your home.

Jun 2nd 2014
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John Moran (TheHomeMortgagePro)
#9 ranked lender in Arizona - 658 contributions

It looks like your question was cut off, but typically investment refinances max out at about 75% LTV.

Jun 3rd 2014
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Scott Campbell (Scotty)
#47 ranked lender in South Carolina - 11 contributions

You may be able to get a streamline refinance. What king of loan do you currently have? Is it canventional, FHA, etc?

Jun 3rd 2014
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Scott Campbell (Scotty)
#47 ranked lender in South Carolina - 11 contributions

Sorry about the spelling errors...

Jun 3rd 2014
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Dave Metsker (DaveMetsker)
#37 ranked lender in Oregon - 2,317 contributions

Foreclosure sales in the area can affect value, but a good appraiser will ignore obvious foreclosures in the appraisal, and show primarily valid retail sales.

Jun 3rd 2014
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Todd Glassman (Todd Glassman)
#1 ranked lender in South Carolina - 118 contributions

75% is the max LTV for investment properties.

Jun 4th 2014
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