Posted by Patrick S. Lawson on October 10, 2005 at 16:28:56:
90% LTV is the max in most cases.
Note: Most lenders are going to have seasoning issues. So they will only give you 90% Cash out of sale price until you have had the property atleast 6 months.
NC - loans to pull $ out after cash purchases? - Posted by jim
Posted by jim on October 10, 2005 at 15:38:18:
Example: buy house for $80,000 - all cash for quick close / discount.
House will be held as rental.
What is maximum LTV available on a refinance?
85%?
90%???
Looking for long term, fixed rate.
How soon after taking title can loan close?
FICO is 750
Thank you
Re: NC - loans to pull $ out after cash purchases? - Posted by Big Heavy D
Posted by Big Heavy D on October 10, 2005 at 18:49:44:
Patrick gave a pretty good answer for you, and if you want to pull money out, why not just finance in the 1st place and save some aggravation on your part? The seller won’t know the difference unless you tell him.