Financing in 20148 : Advice

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Julie Gray-R…, Real Estate Pro in 22182
Julie Gray-Roller answered:
Investment Condo -- Condo Questionnaire -- Condo docs does not specify Number of units reported as Investor/rentals ?
Hello:

I would definitely contact the condo association for more detail on the ratio of owner occupied to investor properties within the condominium. Lenders do require that informa ... more
2 votes Share Flag Sat Jan 12, 2013 Financing in 20148
Julie Gray-R…, Real Estate Pro in 22182
Julie Gray-Roller answered:
Refinance with cash-out; If I have home which is fully paid for. If I want to use the equity in the house. What is the max % that I could take out ?
I assume you plan to purchase another property when you cash out? Since this is an investment property and is fully paid that is for you can take out as much as you wish. The condomi ... more
0 votes Share Flag Sat Jan 12, 2013 Financing in 20148
Michael Hump…, Real Estate Pro in Winchester, VA
Michael Humphreys answered:
We have a 5 year ARM that is up in two years. When we originally bought the house, we planned to move out?
If you loan is owned by Fannie or freddie you may be able rto refinance now if not you probably will not be able to. You can see if one of them own your loan by going to there website ... more
0 votes Share Flag Wed Aug 26, 2009 Financing in 20148
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