Posted by Ed Garcia on September 20, 2001 at 10:03:11:
Obviously from the credit score you have given, credit should be no problem. You don’t tell us if the 80% you requesting is of the original purchase price or your new expected value.
I it’s from your purchase price, there should be no problem, you can get the loan as a permanent take out or rate reduction.
If it’s from the new expected value and you want cash out, you’ll have to leave it on your line for a year to give it some seasoning. Next week I will be sharing a loan program I have that only requires 6 month seasoning.