Posted on: 22nd Sep, 2009 10:06 am
How much in a lump sum can I get on my $600,000 home that has no mortgage?
somewhere between $zero and $510000...that's the easy answer.
now what are you referring to? are you trying to obtain a cash-out refinance? are you trying to sell the home? are you trying to barter with the mortgagefit community?
my answer up there was predicated upon your doing a cash out refinance.
now what are you referring to? are you trying to obtain a cash-out refinance? are you trying to sell the home? are you trying to barter with the mortgagefit community?
my answer up there was predicated upon your doing a cash out refinance.
That is what it sounds like to me too...cash out refi
You can get up to 85% of the home value
my math, precisely.
I was just addign my 2 cents
Your math is perfect
Your math is perfect