Forgotten Your Password?

Need to Register?

Question Icon

I would like to know about possibilities to refi/cash out over investments condo?

I have two properties free and clear and I am looking to cash out $50,000. Nancy by nkubo5_732_663 from Orange, California. Mar 23rd 2012 Reply


Jack Suddarth (jack@equitywavelending.com)
#450 ranked lender in California - 3 contributions

Send us more info and we will get you an answer. Here is the link. Thankshttp://www.equitywavelending.com/forms/request-a-quote.pdf

Mar 23rd 2012
1
0
Blanca Rodriguez (Blanca_489_786)
#600 ranked lender in California - 3 contributions

Hi Nancy, I can definately help you out. Please call me at 909-287-7577 or let me know when you would like to come in my office.Thanks, Blanca

Mar 23rd 2012
0
0
William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,558 contributions

it's possible.. Condo's are tough, but it's possible.. Contact a LOCAL mortgage broker, not a bank and certainly not one of those 50 states lenders, or internet lenders... Brokers have access to numerous investors and can find the right loan product for your particular loan product.. WilliamAcres.com

Mar 23rd 2012
0
0
Chris Gummerson (cgummerson11)
#396 ranked lender in California - 648 contributions

Hello, as long as you have enough value in the 2 properties, and have verifiable income that is sufficient, and a good credit score, then you should not have a problem accessing cashout of these properties. We are located in La Palma. You can give me a call and I can get you to an available Loan Officer.

Mar 23rd 2012
0
0
Bert Carpenter (BertCarpenter)
#38 ranked lender in Arizona - 1,819 contributions

Yes, it is possible, but there are a lot of information missing to give you a fair answer. Make sure you work with a local Mortgage Banker/Broker and not one of the big banks. Before you spend any money on appraisals, make sure their underwriter approves the Condo project. Get this approval in writing. Many, but not all, Condo projects are not eligible for traditional financing because the ratio of owner occupied to investment is too low, or for the financial condition of the HOA. I'd hate to see you shell out money for an appraisal and then have them tell you that the property does not qualify. Make sure you check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com

Mar 23rd 2012
0
0
Blake Kleckner (BlakeK)
#390 ranked lender in California - 257 contributions

You should be able to cash out but without more info about you and the properties your opportunities are difficult to determine. Give me a call 16/7, or email me, and I'll be happy to walk you through the process. To learn more about me and our mortgage brokerage, click on my picture. When the next page pops up, click on "Website" and you will be redirected to ours. We work exclusively in CA and get loans done fast, typically in less than 30 days, at low interest rates and costs. Representing 39 quality lenders that offer more than 1,000 loan programs, we definitely have something for everybody.

Mar 24th 2012
0
0
Ryan Romero (REFIryan)
#455 ranked lender in California - 26 contributions

I work with Real Banks and Local Credit Unions that do not sell your loans to Wall Street like Baseball cards. Call me with our Private Banking ... Direct Lenders and Brokers the best of both worlds. Ryan Romero619 884 9116 CA license 01810267

Mar 26th 2012
0
0
Subscribe to our news feed.