can i refinancing my home before the ARM resets in 2010 from 5.25 to a lot higher? Was my primary now A rental

Mark
Other/Just Looking
Seaside, CA

Some day I would like to move back there. It seems because it is a rental lenders wont help. My job moved me from northern CA to Southern CA. I have good credit just want to know if there is relief for someone like me or is it comig?

Answers (2)
Marty S
Agent
Irvine, CA

There are ways to do this. Sit down with a mortgage broker and discuss your options.

I am a mortgage broker. If I can be of service, please let me know!

Martin Smith

Precision Funding
877-238-6324 Ext 704
513-536-7184
877-238-6324 FAX
MSmith@PrecisionFundingUSA.com
http://www.PrecisionFundingUSA.com

Wed Mar 18 2009, 17:50
Steve Ornellas:...
Broker
Fremont, CA
FIRST ANSWER

Hi Mark, at this time, to get the best rates for a non-owner occupied property you would need a LTV of 75% or less. Not sure of the specifics of this property's current value versus loan amounts to allow me to comment further.

In order to provide a comprehensive answer I would need to know quite a bit more. Please see page 2 of this document:
http://docs.Steven-Anthony.com/RateShopping-DoItRight.pdf

Please contact me offline if you would like to further investigate your options.

Best, Steve

MBA, GRI, ABR, e-PRO, CMPS, RE Masters
REALTOR® / Mortgage Banker-Broker / Certified Mortgage Planning Specialist
SteveO@Steven-Anthony.com

Wed Mar 18 2009, 14:09

Didn’t find what you were looking for? Ask a question!

Search Advice

Ask a question

Got a real estate question? Get answers from locals, experts and real estate pros.
Ask
Email me when…

Learn more

View all » 1 - 1 of 1
Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
Help us improve our service—send us feedback