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less than 75 % LTV for investment property?

appraisal came in at $234,000.00 on a balance of $187000 for an investment/rental property. What is best way to refinance? by ronmle_196_401 from Littleton, Colorado. Oct 25th 2011 Reply


David Widlund (david_283_200)
#44 ranked lender in Colorado - 7 contributions

Sounds like an easy deal. Depending on credit and reserves, you could be in shape for a very low fixed rate.

Oct 25th 2011
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Corey Seitz (Corey_Seitz)
#36 ranked lender in Colorado - 24 contributions

Hi, Many lenders limit investment properties to 75% or even 70% LTV however we do allow 80% LTV on our fixed rate conforming products. If you will please email me or call me with the following information I would be happy to put a rate / fee quote together for you. Type of loan you are looking for. 30, 20, 15, or 10 yearProperty type. Single family, condo, 4plex, etc. Estimated credit score. Do you escrow for taxes and insurance? Thanks, CoreyCorey_seitz@excelfg.com970-407-8288

Oct 25th 2011
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One more thing; the mortgage company wanted 75 % LTV - I only have 80 % LTV - which mortgage companies will refinance my rental property at 80% LTV? $234,000.00 X .80 = $187,200.00Current loan balance = $187,196.51

Oct 25th 2011
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Eddie Stephen (EdtheLoanGuy)
#13 ranked lender in Colorado - 24 contributions

You can certainly refinance at 80% for your investment property. Rates are typically better for 75% LTV instead of 80%. If you would like to talk about it to know your options give me a callEddie Stephen 720-217-2200estephen@loansimple.com

Oct 26th 2011
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Nic Netherton (ColoradoLender)
#16 ranked lender in Colorado - 57 contributions

Hello Ron,We are the #1 ranked lender on Lender411.com in Colorado as ranked by this site and I would be happy to take a look at your scenario to see if we can be of assistance. Please feel free to give me a call at 970-590-5021 or send me a quick email at nnetherton@houseloan.com and I will follow up with you promptly. Thanks

Oct 26th 2011
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