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Cashout refi slightly higher than 65% LTV?

Started by BG650
over 11 years ago
Posts: 0
Member since: Mar 2012
Discussion about
My co-op is worth $915K. My existing mortgage balance is $547K in a 30 yr fixed. I need to get out 70K, so I want to refi into a 10 yr ARM for a total loan amount of $617K (67.4% LTV). But I can't seem to find a lender that will make a loan of with an LTV of greater than 65% in a cashout refi scenario where the home is a co-op. Can anyone out there work with me?
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