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do you know a mortgage lender that will lend 115% equity?
This is a discussion on do you know a mortgage lender that will lend 115% equity? within the Credit forums, part of the Main Category category; looking to refinance my property need additional cash to pay credit card bills. looking for a 2nd mortgage that will ...
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12-16-2008, 03:37 PM
| #1 |
| Junior Member Join Date: Dec 2008
Posts: 1
| looking to refinance my property need additional cash to pay credit card bills. looking for a 2nd mortgage that will allow this. |
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12-16-2008, 03:37 PM
| #2 |
| Junior Member Join Date: May 2008
Posts: 4
|  You are seeking a product that doesn't exist but there are other ways to manage your current situation. I'm happy to listen and help if possible. I'm a broker in CA. Email me if you wish to discuss options. |
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12-16-2008, 04:24 PM
| #3 |
| Junior Member Join Date: Jun 2008
Posts: 6
| Yes. FHA Title 1 loans will go that high. However, the proceeds are supposed to be used for home improvements. I used to do a lot of these, and I am sure some of the homeowners managed to pocket some of the proceeds by doing work themselves, but they aren't going to give you the loan for the express purpose of paying credit card bills. I suggest you dig in and pay off those credit card bills with heavy sacrifice. Good luck. |
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12-16-2008, 05:47 PM
| #4 |
| Junior Member Join Date: May 2008
Posts: 25
| I doubt that anyone will go that far. Try Regional Mortgages. http://www.regionalmortgages.com |
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