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gc46
398 Posts |
 Posted - 08/13/2008 : 11:56:41 AM
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Help
I have one borrower I refinanced 5 years ago call me.
She contacted me this morning and wants to pull some cash out and the pay off her 2nd mortgage. She doesn't want to touch her first mortgage.
1st mortgage owes $110k at 4.75% 20yr fixed (5yrs old)
2nd mortgage owes $70,000 at 6.875% 30yr fixed
wants $30k cash out.
Property value $350k, credit high 700's, Income $70k/yr.
Any suggestions what can I do with this???.
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robertrules
179 Posts |
Posted - 08/17/2008 : 07:52:04 AM
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| Are you looking for a lender? |
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wetline
52 Posts |
Posted - 08/17/2008 : 3:49:07 PM
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| What state is the property in? |
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gc46
398 Posts |
Posted - 08/18/2008 : 06:57:33 AM
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| Property located Long Island New York |
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