Prefer to talk in person? Find a mortgage specialist on Zillow

Refi $1.5M loan @ 88% LTV , great income, credit, and liquid assets

Can anyone offer a $1.5MM refinance loan at 88% LTV?  My wife and I make $500k+ annually, have fico scores ranging from 790-810, and have $500k+ in liquid assets.

We have the ability to pay down the balance to 80% but do not want to put another $113k into the property.  We have already put $500k into it when we bought it.
  • November 08 2011 - Tiburon
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (2)

Profile picture for CA Direct Lending
A lender with a pledged-asset program will be able to help you with your refinance without having to pay down the balance to 80%.  If Rudi hasn't already helped you with this, I can do this as well.  
  • November 09 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Robert,

When was your last appraisal were you determined you have a 88% LTV? We can go up to 80% on a rate & term refinance to $2,000,000. If you wish we have interest-only ARMs. There's a possibility by using a pledged asset program you may not have to come up with the $113,000 out-of-pocket to bring your LTV to 80%. I have a Pledged Asset page on my website that gives a good description of the program. I'd love to help you.

Happy funding, Rudi
  • November 08 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.