Posted on: 09th Feb, 2011 02:02 pm
i have a client that has an investment property that they do not claim on taxes. he had a divorice about 3 years ago and was orderd to allow the x to live in the home and he was ordered to continue making the payments for maintanance. the prop is at 87% ltv and he would like to refinance in order to lower his payments but cannot as i cannot find anyone that will provide mi for the property as that high of an ltv? any ideas as he does not claim income off this property and it is more than 50 miles from his primary?
Welcome Scottsorter,
It will not be possible for your client to get a mortgage on a property with such high LTV.
It will not be possible for your client to get a mortgage on a property with such high LTV.