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Re-Mortgaging

Re-Mortgaging

Old Aug 27th 2014, 11:01 pm
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Default Re-Mortgaging

Hi all,

Apologies if this is in the wrong section, but we are looking at remortgaging our villa in Florida to provide some of the funds for an E-2 business purchase.

I would welcome any advice from people that have already done this, especially any recommendations for USA companies that will entertain the re-mortgage application.

For clarity, we have no mortgage on our villa, it is worth approx $215k, and we are looking for around $100k mortgage.

Many thanks,

Mark
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Old Aug 27th 2014, 11:17 pm
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Default Re: Re-Mortgaging

I don't have recommendations, but you are looking for a "cash out refinance". A lost any lender would do that.
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Old Aug 27th 2014, 11:28 pm
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Default Re: Re-Mortgaging

Originally Posted by RICH View Post
I don't have recommendations, but you are looking for a "cash out refinance". A lost any lender would do that.
Or a HELOC (home equity line of credit) or a Home Equity loan. There are advantages, disadvantages and different risks associated with all three.
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