---

90% LTV for investment property

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
ebvprotein Joined: 05 Jun 2009 Posts: 1 1.00 Dollars($)	Posted: Fri Jun 05, 2009 9:36 am    Post subject: 90% LTV for investment property Like 0 Dislike 0 Hi, We owe 74% of the current home value and would like to purchase an investment property (very safe, already rented out for above mortagage), have execellent credit scores. We would like to borrow 85-90% LTV of our house. Any suggestions? Thanks N
eric1 Community Expert Joined: 04 Jan 2009 Posts: 1511 226.89 Dollars($)	Posted: Fri Jun 05, 2009 10:41 am    Post subject: Like 0 Dislike 0 What is your interest rate now? You can potentially refinance your home and cash out the money you need. _________________ Eric JFree Rate Quote, Stated Income Loans FHA RATE QUOTE Mortgage Rate Quote
sunil87020 Joined: 04 May 2009 Posts: 339 26.96 Dollars($)	Posted: Fri Jun 05, 2009 11:06 am    Post subject: Like 0 Dislike 0 Eric , I think refinace is not advisible in present market situation
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12330 Location: bloomfield, ct 50.03 Dollars($)	Posted: Fri Jun 05, 2009 11:11 am    Post subject: Like 0 Dislike 0 sunil on what do you base your opinion? a couple of minutes ago, i answered a query you made about refinancing. why, if you have questions about refinancing, do you then have answers for the same topic? also, please elaborate on the above answer - what is it about the "present market situation" that makes you think refinancing is not advisable? please make sense with your answer. _________________ George M. Akerley Independent Contractor - Mortgage Consultant Word of Excellence Editing/Writing/Proofreading 860-221-5044
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12330 Location: bloomfield, ct 50.03 Dollars($)	Posted: Fri Jun 05, 2009 11:11 am    Post subject: Like 0 Dislike 0 eric, please go get some popcorn, too. _________________ George M. Akerley Independent Contractor - Mortgage Consultant Word of Excellence Editing/Writing/Proofreading 860-221-5044
Guest	Posted: Sat Jun 06, 2009 11:53 am    Post subject: Like 0 Dislike 0 I would prefer not to refinance since we are at 5.25 now for a 15 year _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
smithsussane Joined: 18 Sep 2008 Posts: 10020 Location: Alaska 917.78 Dollars($)	Posted: Sun Jun 07, 2009 8:05 pm    Post subject: Like 0 Dislike 0 Hi Guest! Welcome to forums! An interest rate of 5.25 for a period of 15 years is quite good. I agree with you that you should not refinance the loan right now. Sussane
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12330 Location: bloomfield, ct 50.03 Dollars($)	Posted: Mon Jun 08, 2009 9:17 am    Post subject: Like 0 Dislike 0 nice to see something sensible posted on occasion. thank you sussane. _________________ George M. Akerley Independent Contractor - Mortgage Consultant Word of Excellence Editing/Writing/Proofreading 860-221-5044

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0