Looking for a personal loan as well as a mortgage loan. Total amount $230,000. Would like to have cash in hand for furnishings.

Much more info needed.. are you purchasing or refinancing.. if you are purchasing, then there is no loan you can do where you can get cash back to furnish your home... if you are refinancing, then you can do a "Cash Out" refinance, and the value of your home will determine how much cash back you can get.. For cash out refi's on a primary residence, you are maxed at 75% loan to value for conventional, and 85% for FHA.. (VA allows for 100%, but you must have VA benefits available to you).. Example: Your home is worth $350,000. You owe $200,000 and want to a pull as much cash out as possible.. $350,000 X 75% = $262,500 - $200,000 payoff = $62,500 maximum cash back. If you want to know exactly what you can qualify for based on your specific scenario, then you should contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347