lee b asked:
I own a house free and clear, FMV about 58000.00, its a rental, score is 600. Can I get a loan? I have about 6K in 401K. All my money is in the rental house.
Any suggestion of who I can go to. I am willing to use house as collateral
JACQUES
I own a house free and clear, FMV about 58000.00, its a rental, score is 600. Can I get a loan? I have about 6K in 401K. All my money is in the rental house.
Any suggestion of who I can go to. I am willing to use house as collateral
JACQUES

BRYCE
You can get a loan – if you qualify based on income and credit requirements.
SCOTTY
I don’t see why not as long as you qualify otherwise and are willing to put the house up as collateral.
ERNESTO
There a lots of mortgage companies that refuse to process a cash out refinance on rental property.(I think that’s what you are talking about) The guidelines for even obtaining a mortgage for rental property are not the same as those for owner occupied property.