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Why no quotes, no loan officers with stones?

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November 18 2009 - Rainier
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Answers (5)

Profile picture for LUXURY HOME LOANS CA

Your mortgage balance is over 80% now. Most lenders will not go over 80% on a cash-out refinance.

Even if you find one that will go to 90% the cost of doing the loan would be prohibitive for the amount of money you would receive.

You would have about 2.50% of your loan amount just in additional Price/FICO adjustment fees + broker/lender/escrow/title & associated closing costs. ..... Good luck!

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November 19 2009
Profile picture for shapiroamg
or stones.
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November 19 2009
Profile picture for shapiroamg
Reduce your cash out amount so the loan is no more than 85% of the home value. You should find plenty of LOw/Balls then.
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November 19 2009
Profile picture for upsman1000
http://www.zillow.com/mortgage/LoanRequest.htm?request=ZR-DJLVRCG#{scid=mor-site-topnavmorsub}
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November 19 2009
Profile picture for Mortgagejaw
What was your loan request?
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November 19 2009
 

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