What is the maximum percentage of my home’s value that I can borrow on a refinance loan?
The percentage of your home’s value that can be borrowed on a refinance loan (known as the maximum loan-to-value ratio) varies by loan program and occupancy type, but generally the maximum on conventional conforming financing is 95% on rate/term refinance and 80% on cash-out. For conventional investment financing, those ratios are generally 85% for rate/term refinance and 75% for cash-out.
For Jumbo lending, you can generally go up to 80% on rate/term refinance and 80% on a cash-out.
Our loan consultants know the ideal loan-t0-value ratios for best interest rate pricing on each loan, whether it’s rate/term or cash-out, we will be able to guide you with smart suggestions achieving the best possible financing.
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