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alejohh27 · Joined: 10 Aug 2009 Posts: 4 2.45 Dollars($)

Would any financial institution give me a mortage on a home that I fully own and what percentage of the value of the property would they lend me?

Realgeni · Joined: 13 Apr 2009 Posts: 1434 99.76 Dollars($)

alejohh27

You can get hoem equity loan

Good luck and feel free to ask

JKennedySLG · Posted: Tue Aug 11, 2009 9:18 am Post subject:

There are a number of factors to obtaining a mortgage loan. In a cash-out loan, the maximum percentage allowable is 85% of the homes value. As I stated earlier, there are credit and income requirements also which must be met. I hope this helps...

gmakerley · Posted: Tue Aug 11, 2009 2:12 pm Post subject:

that is incorrect, gary. our poster asked specifically about a refinance. as james pointed out, a cash-out refinance is capped at 85% of the value of the home. your notation is the down payment requirement for purchases.

alejohh27 · Joined: 10 Aug 2009 Posts: 4 2.45 Dollars($)

cuold I sell the lot to the builder in order to buy the hole property

Realgeni · Joined: 13 Apr 2009 Posts: 1434 99.76 Dollars($)

alejohh27

Your question is nto clear,please clarify what you are lookign for?

Good luck and feel free to ask

gmakerley · Posted: Sat Aug 15, 2009 6:18 am Post subject:

not so much it isn't clear, but based on the initial post, it truly doesn't make any sense.

alejohh27 if you want straightforward answers to your questions, you need to be far more clear in telling us what it is you're getting at.

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