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Company Loan Type APR Est. Pmt.

cash out refinance

Posted on: 10th Sep, 2010 02:47 pm
i have a property in texas that is free and clear. i have been told i can't refinance and get cash out because it is an investment property and i live in another state.does anyone have a different answer?
Hi pljs,

I haven't heard of any such rule which states that you cannot get a cash out refinance on an investment property. You should contact other local lenders and apply for a loan. This will help you know whether or not other lenders will help you in getting a mortgage. You can even speak to the lenders of this community and seek a no obligation free mortgage quote in order to know the type of rates and terms you would qualify for.

Thanks
Posted on: 10th Sep, 2010 08:38 pm
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