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Refinance Owner occupied and also part of 45,000 sq foot refrigerated warehouse rented

Profile picture for CarlosEGutierrez
1st mortgage at 6.2% $605,000, second at 7% 585,000.  Appraised value at $3,500,000, need cash out to consolidate other debts.  Credit score has dropped from 800+ to 720, 734, 808.  Accumulated credit card debt which had always been paid monthly.  Hecl $490,000 at 3.24%.  Lease income $18,500, other income $4,000 plus estimated income of $7,500 monthly.  Assets of approximately $10,000,000.  Thank you, Ceg.




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September 29 2009 - Nogales
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Answers (2)

Carlos,

So your home is on the same property as the warehouse? Or you just own both and need to refinance and would like to pay off all of your credit card debt. Depending on the circumstance would depend on the type of loan that you would be able to qualify for.

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September 30 2009
Profile picture for Anna Montgomery
HI..
Are you saying you have 3 loans on this property?
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September 30 2009
 

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QuestionRefinance Owner occupied and also part of 45,000 sq foot refrigerated warehouse rented
  • Asked by CarlosEGutierrez
  • September 29 2009
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