hey... question: im planning to do cash out refi and spoke to 1 bank; my house market value is $ 475.000, i owe 252.000, planning to get $ 100.000, the guy i spoke to told me the «estimate loan amount» is 355.000,,, here is my question: $ 475.000 — market value — $ 100.000 — cash out = $ 375.000 — after cash out if the loan amount is $ 355.000 where is the $ 20.000 go? (thetruthaboutmortgage.com)
I'm a little late on this post but try Daniel Molina at corevest for cash out refi on sfr. (biggerpockets.com)
More importantly, invest on property that has great equity value for cash out refi. (biggerpockets.com)