Cash Out Refi to 80% LTV?
Started by brooksvale
over 13 years ago
Posts: 56
Member since: Jun 2009
Discussion about
Anyone know if this type of financing has made it back?
This 'type' of Financing never 'left!'
The Major Banks pull in all sorts of Origination Fees via Refinancings; which also drive Business for a host of related 'Professionals!"
It's your Cooperative Board, or Condo Board of Managers, who might have some additional sayso regarding the specific Max LTV Ratio allowed for your Coop/Condo. [You DO need 'em to sign off on a Document or two to complete the Transaction!]
Ha - it seems like no one will go above 75 ltv which was why i was asking. Assuming the building only requires 80%.. i dont think there should be a problem..... right?
80% is a standard LTV. Check with Citi Mortgage . . .
Make certain that ALL aspects of the Appraisal is Correct.
"Comparables'' need to be true "COMPARABLES!"