I bought a rental property cash 6 mon. ago for 15K. It appraised for 65K and I'd like to do a cash-out refi. Know anyone that would work with

Asked by Blue Properties, New Jersey Tue Sep 13, 2011

me?

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Rudi Hofmann, Mortgage Broker Or Lender, El Segundo, CA
Wed Sep 14, 2011
You may be able to receive 75% of the $15K purchase. After 12 months of ownership you can use the appraised value.

Happy funding, Rudi
Web Reference:  http://www.umboc.com
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