I need a loan on my home that is paid off

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I need a loan on my home that is paid off

I am living in a condo that is paid off and would like to get a loan to pay off another property I have and give it to my mother since she is the one that has paid for everything but I couldn't get enough if I refinanced it. Is it possible to get a first mortgage on it and if it is, do I still have to have a down payment.

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Anonymous (not verified)
10-07-2015

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You can get a cash out refi on your primaey residence - up to 85% with an fha loan ex - 100k you can get 85k How much is it worth - how much were you hoping to borrow? How much is it to pay off the other home? Good Luck Brian Barnes Loan Officer Loans if all 50 states Brian@Aimwithfocus.com

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brian1 | Asked on 2015-07-11

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