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Does any one know of a South Carolina lender that will refinance the property at 90% LTV and I can take out my equity?Q. I have recently purchased a Forclosed Property for say 40,000 and fixed it up and I am guessing the Appraised value to be 78,000. Does any one know of a South Carolina lender that will refinance the property at 90% LTV and I can take out my equity? Better yet does anyone know how I can work a deal to do the above? I always hit a brick wall when I ask lenders on this issue. Any comments would be welcome A. What your looking for is quite common, normally considered a very easy loan to get. Perhaps your trying the wrong type of lenders, look for mortgage brokers in your area, many can do the seemingly impossible in only a matter of days. Shop all of the brokers in your area too! Many are just blowhards that can say they can do what they can't and drag you on for months. If they can't lock it in in four days, theres a good chance they cannot do it at all. Move on to the next. My credits not all that hot, one lender turned me down for a 500 dollar limit credit card, 2 weeks later he loaned me 25,000 dollars NIV 80% of appraised value on a property I was only paying 1/3 of that as the purchase price without batting an eye.
Other Questions: Can anyone recommend a Texas mortgage broker? I've just started to shop around for my first mortgage (and yes, I'm already nervous and cranky). Are any mortgage brokers worth going to first - or worth avoiding at all costs?Texas Commerce Mortgage 972-841-5263 They have great rates and m... Does this mean that you would have to forego tax relief on the Second Mortgage for instance in Uk ?I live in UK. Can anyone tell me what problems are likely to be encountered if you have a half share in a flat that you don't live in and want to get a flat of your own. Does this mean that you would have to forego tax relief on the Second Mortg... HELP !!! Seller 'carries back' second Mortgage. How ???I'm not so clear on this and would like to hear some imput from anyone who might have been involved or even understands such a transaction. If you want the seller to 'take back' a second mortgage, as money down for example, how will this work? ... Can anyone recommend a Texas mortgage broker?I've just started to shop around for my first mortgage (and yes, I'm already nervous and cranky). Are any mortgage brokers worth going to first - or worth avoiding at all costs?Texas Commerce Mortgage 972-841-5263 They have great rates and m... Refinance problem: is mortgage broker responsible in Virginia?Refinance problem: is mortgage broker responsible in Virginia?We applied for a refinance two month ago with with a Mortgage broker in Virginia. I asked the loan officer to lock in the interest rate for us over the phone, then met with her to do...
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