Posted by Jerome on December 24, 2004 at 10:50:21:
If you owe a total of 44k in the house is worth 80k there are lenders who will allow you to do a cash out refi with no seasoning up to 90% APV that 72k minus 44k equal 28k in pocket Keep in mind these are number without added cost to do the loan.
Just a suggestion.
Hi first I want to thank everyone for helping me with my last dilemma.
Now what my question is how would you structure this deal?
In feburary I will have a house that I built that will be worth $80k I owe 24k for land and 20k in loans at the most and I want cash out the profit how would you go about doing so? I have good credit.