Good Morning!
I get asked about investment cash out loans a lot...
So, I thought it would be smart to give you a note about how we do investment property cash out loans.
Yes! We do investment cash out loans.
You will need to have owed the property for at least 6 months before we can use the new appraised value for our loan value.
If you fixed the property up - be prepared to show what you did to the property and how much it costs.
Max loan to value ratio will be 80% on a non owner occupied cash out loan.
I hope you have a good day today. Thanks for reading!
Brett
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