Investment Property (Rental) Loan with High LTV

Good Evening! To fully assess your options, more information would be needed, such as the Property Type (# of Units), Location (City and County), Credit Score, Current Loan Amount, Estimated Value, Credit Score, etc. I would be happy to look into options without a full loan application being required and without any obligations at all, so please feel free to send me a direct message if you'd like some additional help getting some viable options for your loan scenario! Thank You!

If your loan is eligible for a HARP refinance, you don't need to throw any money at the principal balance in order to refinance. The initial qualification simply needs to be whether your current loan closed on or before 5/31/2009 and was backed by Fannie Mae or Freddie Mac. You can check here for Fannie: https://www.knowyouroptions.com/loanlookup And here for Freddie: https://ww3.freddiemac.com/corporate Check these sites out first, if you are backed by either one, the results will clearly state this.If you have a "hit" on either of these sites, then there is no reason for you to pay down your mortgage. If you don't find your property on the HARP pages, only then would you want to contemplate paying down the mortgage to meet LTV guidelines.

Hopefully you are okay with paying down the balance to get the LTV in line with lender guidelines. Your information from lenders here will very greatly. This is a specialty scenario and it will depend on the programs available to all of us. Some of us have outlets for this, others will not. Post more info so we can assist...

Sit down with a local non-bank licensed loan officer to determine your options. I understand your property does NOT qualify for HARP. But for anyone else - If the property qualified for HARP, you wouldn't need to do that. If you investment property does NOT qualify for HARP - you'll need more than 10%. Likely at least 20% of the appraised value.

i DO have a possible alternative for you .. please reach out to me at yourloanpartnerforlife@live.com linda 602 330 1598