no current mortgage on rental property can i get a cash out refi with 623 score to consolidate all debt in michigan

The conforming guidelines actually allow for a cash out refinance with a 620 score, up to 75% loan to value on a 1 unit property. 70% loan to value on a 2-4 unit property.

If Lorne Harvey does not do mortgage loans in your State check for local mortgage brokers. You can do an online search of them by name, etc and should get some information on them (i.e. facebook, mortgage based websites, etc.) My name always show up high with Lender411.com because id do a fair amount of contributions, among other affiliations. I personally only do mortgage loans in California.

Are you stuck with the 623 Credit Score? Are there ways to improve it? You really need a lender licenced in Michigan to review your credit report to see if you are eligible or not. The score itself is only part of the credit criteria. If you'd like me to look at it, give me a call. =Mike 517-489-2328

Much more info required.. Lending guidelines require a 620 or above MID credit score to qualify.. you can go up to 75% LTV on investment, but whether or not you meet eligibility requirements, it's impossible to say without looking at your complete loan profile. The best advice I can give you is to 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

Yes you can call me 301 418 5324