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I'm having a hard time finding a bank to do a cash out refi because we have too many properties (5).

I'm having a hard time finding a bank to do a cash out refi because we have too many properties (5). Anyone know a bank that will do it? We live in Maryland.
  • April 19 2012 - Chicago
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Answers (11)

I can do it, we are capped at 10 properties.
  • May 23 2012
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I believe I can help you [promotion and email removed by Zillow moderator]
  • May 23 2012
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This is the answer from my underwriter. I thought if it was your primary you were fine.

"You are allowed cash out on the primary regardless of how many properties you have"


One other item, we are a direct seller/servicer to Fannie Mae, so we do not impose "overlays" other banks may have.

Please feel free to visit my website or call/email.
  • May 22 2012
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Depending on other factors of your loan I may beable to do your loan.

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  • May 22 2012
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On the Primary.
  • May 22 2012
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That's a tough one. Are you trying to do the cash out on your primary or investment property? 
  • May 22 2012
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I am not familiar with that area but I would recommend talking to a real estate lawyers and real estate agents who are in the biz and would have a good idea of couple lenders which could help you.

Good Luck!
  • April 21 2012
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What bank are you with?

  • April 21 2012
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Depending on other factors of your loan I may beable to do your loan.

Mitch Valmer
  • April 20 2012
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It is going to be rough for you to find someone to help you out. You may want to try to go to a smaller bank or private lenders.
  • April 19 2012
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These are tough times for financing investment properties.  I doubt you will be successful.
  • April 19 2012
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