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Is there a lender that will refi a 66% LTV jumbo loan with a 100% CLTV? 2nd lender will subordinate

  • March 23 2013 - US
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Answers (10)

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  • November 13 2013
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I can go up to 80% on a first and 90% CLTV with resubordinating the second.  If it doesn't appraise out higher to where maybe 90% would work or perhaps bring in the difference to bring the CLTV down to 90% on the Jumbo mortgage.
  • March 27 2013
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Can you bring the cltv down to 90% with your own funds (maybe a 401k loan), a gift or maybe equity from another property? Please reach out to me via my profile if you would like to discuss more.
  • March 26 2013
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Correction. I may have one that goes to 90 CLTV, but I would need more details re your scenario. Obviously, it would still mean that you would need to pay down the 2nd somewhat.
  • March 23 2013
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Your problem is going to be that 2nd. There are Jumbo lenders that will go to 70-80% LTV, but the CLTV is the issue. Any chance you can pay that off?
  • March 23 2013
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Home has not been appraised recently.  If an appraisal comes in slightly below $1.2m I can pay down a bit if necessary.  
  • March 23 2013
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What do you feel the property is currently worth? By the way, I am in Illinois.
  • March 23 2013
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Has it been appraised recently? 
  • March 23 2013
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1st is 800k, 2nd is 400k and it is a HELOC but is at full balance.  Both loans were established to satisfy a $1.2m construction loan on a property built for $1.5m in 2006.  Property is in Illinois.
  • March 23 2013
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What are the balances of both loans and the property zip code? Is the 2ND lien a Heloc or fixed rate loan?
  • March 23 2013
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