Jason Ruedy Promotes 90% LTV Cash-Out Refinance for Philadelphia Debt Consolidation
Updated
Updated · aijourn.com · May 13
Jason Ruedy Promotes 90% LTV Cash-Out Refinance for Philadelphia Debt Consolidation
1 articles · Updated · aijourn.com · May 13
90% loan-to-value cash-out refinance programs are drawing more interest in Philadelphia and across Pennsylvania as homeowners look to roll high-interest credit-card and personal-loan balances into one mortgage payment.
Ruedy says the appeal is that many banks cap cash-out refinancing near 80% LTV, while some specialty programs let qualified borrowers tap up to 90% of home value without monthly PMI.
9-business-day closings, competitive rates and the possibility of skipping up to two mortgage payments are being marketed as added cash-flow benefits for borrowers using the refinance option.
33 years of mortgage experience is part of Ruedy’s pitch that higher-LTV refinance deals require specialized underwriting knowledge, especially for borrowers previously denied under standard bank guidelines.
With household debt soaring, are 90% LTV loans a real solution or a bubble waiting to burst?
How do specialty lenders approve high-risk home loans that big banks have already rejected?
Is trading credit card debt for a larger mortgage a smart financial fix or a dangerous gamble on your home?