Guest dara Report post Posted December 4, 2003 How can I get access to a refinance loan of a LTV of 80% from a property that I am only lease purchasing? What would hinder me from attaining that 80% LTV from the FMV of a property? Will I have the right to refinance a home after I lease purchase it? Share this post Link to post Share on other sites
Guest Johnny H (CA) Report post Posted December 4, 2003 Start talking to mortgage brokers, banks, or anyone who lends money and let them know what you are doing. (IMO that would be the first step) The LTV value would be based on what the remaining amount of the purchase price and the appraisal. I believe that's the loan you are trying to obtain when exercising your option (plus some costs unless you've passed those closing costs to someone else). What would hinder the 80% LTV? Well, the amount of FMV is not high enough compared to the loan amount... Share this post Link to post Share on other sites
mpine 0 Report post Posted December 4, 2003 Dara, After 3 months I can refinance you into the property as long as your middle credit score is 650 or higher. If you need my assistance just shoot me over an email with your phone number or visit my First Source website and my contact information is on there.. Best wishes, Michael PineFirst Source USA Share this post Link to post Share on other sites
