Question by Mr. G: Can I refinance my FHA mortgage to a Conventional mortgage?
I bought my home a year ago, ask generic and would like to refinance and take out the equity to pay off bills and make some much needed repairs around the house. With an FHA mortgage you can only cash out up to 85% of the equity of your home. I would like to know if its possible to refinance my FHA loan to a conventional loan and to cash out the full value of my home? I have had a full time job for over 2 years and have good credit and also a cosigner if needed. Thanks for your help
Best answer:
Answer by Woof
No. No lender will give you a conventional loan for 100% of LTV.
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A handful of nice condominium photos I found:
Just For Fun, site The Victorian Condominiums
Image by Galveston.com
Scenes from Just For Fun, and Victorian Condominiums, information pills Galveston Island. Brought to you by the official web site of Galveston Island tourism, www.galveston.com. For lodging, check out our web site or call toll-free (888)939-8680
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