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Conflicting information on re-fi of rental property


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Is it possible to obtain a cash out re-fi on a rental property these days? I've read about 50 posts today and in some cases, it looks bleak, but in others...

 

Situation:

 

Rented since purchased four years ago; documentable via lease and bank statements.

Conservatively worth $110,000 (documentable via sales on same street w/in last 60 days and they didn't have new AC and roof like ours does;-)

$18,000 remaining mortgage, want to re-fi to $75,000, taking cash to pay off a student loan and remaining mortgage on primary residence.

No other debt.

Six months reserves and $ to pay closing costs in bank already.

Income is more than enough to cover both houses, even without counting the rental income.

DTI, including both homes would be < 29%

Mid FICO scores (post bankruptcy 14 years ago) 812 and 822

 

Is it possible? Or would we be better off to pay mortgage in full and then pull whole new mortgage?

 

Any guidance appreciated

 

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