my home value is 415000 and remaining balance is 311000 any one help me to find how i can cash out 100k is it possible or not?

Asked by Merry amir , Santa Clarita, CA Tue Jul 24, 2012

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, ,
Tue Jul 24, 2012
You can go up to 80% of your value on a cashout refinance.
In this case, $332 total.
FHA will let you go to 85% of your value: $352,750
You can do a conventional with an equity line up to 90%: $373,500

So max to you: about $41,500

Hope this helps! cg
2 votes
If i want a build second unit than whats other option to finance? i want build second unit on my R2 zone lot.
Flag Sat Jul 28, 2012
Merry amir , Home Buyer, Santa Clarita, CA
Tue Jul 24, 2012
Refinance with cash-out if its possible with FHA loan.
0 votes
Cindy Davis, Agent, San Diego, CA
Tue Jul 24, 2012
What you're talking about is a refinance of your home - You need to see a mortgage broker to discuss this.
0 votes
do i have to call broker or lender direct for cash out loan?
Flag Tue Jul 24, 2012
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