Portfolio Lender Needed for a refi with cash out
I have a second home in Scottsdale AZ valued at $1.2M. I have a 500k loan on it. I'd like to refi with as much cash out as possible. My score is around 760 and high income. I already have 4 mortgages so it needs to be a portfolio lender.Any ideas to who I should go? by Paulmar from Scottsdale, Arizona. Feb 28th 2013
Christopher Kimberlin (AzMtgBanker)
#124 ranked lender in Arizona - 1 contribution
Yes, call me. Chris Kimberlin with CMG Financial. My number is 602-316-1717.
Barb Lanis (BarbLanis)
#69 ranked lender in Illinois - 679 contributions
Contact: William J Acres Velocity Financial LLC (480) 287-5714 If he can't do it, he will know who can.
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
Getting new financing when you already have 4 or more mortgages requires a little shopping around. Not all lenders provide over 4 loans. You don't need a specialized portfolio lender. You'll get a few no's before you get a yes. But you can get a yes. The rules will likely be tighter. I can lender over 4 loans, but only in MN and WI. www.MortgagesUnlimited.biz
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