Financing in New York>Question Details

Matt, Renter in Hartford, CT

Cash Out w/ Life Estate?

Asked by Matt, Hartford, CT Fri Sep 27, 2013

Hello everyone,

I have a home in NY (not primary residence - I currently reside in CT) with no mortgage. The home has elderly relatives in it with a life estate. I would like to do a cash out refi. Does anyone know anybody or have any leads as to a potential lender? I have no debts (rent), excellent credit, and sufficient income. Any advice/help is much appreciated! Thanks, Matt

Help the community by answering this question:

Answers

4
At first this appears as a niche loan. But so long as the deed avails you the right to mortgage, then you should be able to burden the property.

I am a partner in a mortgage bank.

You may contact me at 347 834 0213.

Me and my partner, Joe, would be happy to assist you.

Thank you,

Etienn
0 votes Thank Flag Link Mon Nov 25, 2013
Please contact my Chase referral below and tell him Yul sent you. He'll be able to answer all your questions. Good luck.

Jason Han
Chase Mortgage Banker
Work: 516-364-8823
Cell: 516-459-7826
Fax: 866-454-9590
Email: Jason.han@chase.com
Web: http://homeloan.chase.com/jason.han
0 votes Thank Flag Link Sat Sep 28, 2013
Thanks for the referral, Yul!
Flag Mon Sep 30, 2013
Start by consulting with any licensed loan officer....
0 votes Thank Flag Link Fri Sep 27, 2013
Definitely a question for a mortgage professional.
0 votes Thank Flag Link Fri Sep 27, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer