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cash out refinance

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pljs7 Joined: 10 Sep 2010 Posts: 1 1.26 Dollars($)	Posted: Fri Sep 10, 2010 2:47 pm    Post subject: cash out refinance Like 0 Dislike 0 I have a property in Texas that is free and clear. I have been told I can't refinance and get cash out because it is an investment property and I live in another state.Does anyone have a different answer?
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Fri Sep 10, 2010 8:38 pm    Post subject: Like 0 Dislike 0 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

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