Hello, my name is 'bob', and I'm recovering from bad credit... I'm looking to refinance an apartment I own in SC. I live in NC and my credit scores are around 650 +/- between the 3 CRAs. I currently don't have a mortgage on it, but would like to take some cash out. It last appraised at $50k not too long ago and I just recently bought it for cash. Has anybody with a similar score had success refinancing something other than a primary residence? Is anyone familiar with what kind of LTV I might get in either SC or NC - and will it matter that I live in a different state than the property? Know of any friendly lenders? Thanks!
