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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Low appraisals are the least of your problems. Posted by brianh on April 07, 2009 at 10:07 AM In Reply to: Low appraisals are the least of your problems. posted by JK (the other JK) on April 07, 2009 at 7:39 AM I have a small portfolio lender that does the following: MUST BE FULL INCOME DOCUMENTATION If owned for less that 12 months cash out refi to 70% of purchase price If owned for more than 12 months cash out refi to 70% of appraised value The loan is fixed for 7 years and carries a 3 year prepayment penalty, currently the rate is in the mid to upper six percent range. There is no limit on the number of investment properties. Follow Ups: Re: Low appraisals are the least of your problems. jimy 1:23 PM, 04/17/09 (0) Re: Low appraisals are the least of your problems. Todd 9:12 PM, 04/07/09 (1) Yeah it sucks. JK (the other JK) 10:28 PM, 04/07/09 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I have a small portfolio lender that does the following: : MUST BE FULL INCOME DOCUMENTATION : If owned for less that 12 months cash out refi to 70% of purchase price : If owned for more than 12 months cash out refi to 70% of appraised value : The loan is fixed for 7 years and carries a 3 year prepayment penalty, currently the rate is in the mid to upper six percent range. : There is no limit on the number of investment properties. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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