Refinance/Cash Out
Need extra cash from your investment property? Our Cash-out Refinance Program offers a quick, straightforward, and dependable solution to access equity from properties owned outright or with an existing loan. With competitive rates and no impact on your debt-to-income ratio or credit report, our program provides the leverage you need.
Program Details
Interest Rate:
Rates start at 7%
Credit Score (FICO):
Minimum Fico of 600
Property Type:
Condo/Townhouses, Mixed-use, 5+ unit Multifamily Properties, Office, and Retail
Prepayment penalty as low as one (1) year
10 year interest only, options available
Loan Term:
30 year fixed rate
Principle and interest only or interest only
Income Verification:
No income verification
Foreign Investors Loans:
No social security number required
No credit score required
No U.S address required
No U.S investment experience required
No seasoning
No sourcing of funds
Max Loan to ARV:
Up to 75% LTV
Foreign investors: Up to 65% LTV
Frequently Asked Questions
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A refinance/cash-out loan allows property owners to refinance their existing mortgage and borrow more than their current balance, receiving the difference in cash. This option is commonly used for home improvements, debt consolidation, or other financial needs.
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Homeowners with ample equity in their property, a strong credit score, and stable income are generally eligible for a refinance/cash-out loan. Lenders will also evaluate the property's current value during the application process.
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Benefits include access to a lump sum of cash at relatively low interest rates, potential tax deductions on interest payments, and the opportunity to consolidate high-interest debts.
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Yes, since you're increasing the loan amount, there is a higher risk of accumulating debt. Additionally, if property values decrease, you may find yourself owing more than your home is worth.
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It can affect your loan's interest rate, monthly payments, and term. Depending on your financial goals, you may secure a lower interest rate or extend the loan term to reduce monthly payments.
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