Cash-Out Refinance Loans Florida
With this program, we help investors looking to buy a property and hold it to cash-out and refinance their investment.
With this program, we help investors looking to buy a property and hold it to cash-out and refinance their investment.
It’s simple. We give you a percentage of the money you’ve paid for your mortgage, which leads to the creation of a new loan with a higher balance.
Low fees and fixed-rate amounts paid in just one transaction are some of the reasons why it’s the most used loan. As well as the chance it gives investors and lenders to set new terms and conditions.
Your money, your decisions.
That’s one of the best benefits you get from a cash-out refinance loan, you can use the money for whatever you want. You can make improvements to your property, pay debts or cover other expenses. In fact, you can even reduce interests depending on how you use the money.
We don’t set any limitations to where you can spend the cash you get.
It’s important to have a clear understanding of what home equity is since it’s the foundation of a cash-out refinance loan. Home equity is the difference between the amount you owe to the lender and the current value of your property.
There are two ways you can make equity go up:
If you have an amortized like the ones we provide, your equity will increase as you make the agreed payments.
The easiest way you can increase the worth of your property is by making some renovations to it.
As with every transaction responsibility from both parties is necessary. In this case, as the borrower of a cash-out refinance loan you’re free to use the money we provide you however you want. Yet, you have to be aware that if you don’t pay, your property will be used as collateral.
And of course, if you have any doubts you can come to us and we’ll be more than happy to give you the best recommendations.
We try our best to make the process unique and adapted to our customers’ needs. Unlike banks that can’t provide the financial help you need if you don’t meet their strict criteria.
Experience Level | Any |
Credit Score | 600 |
Interest Rate | 9% – 12%* |
Points | 0% – 2% |
Eligible For a 0-Point Option? | Yes |
Advance Rate on Rehab or New Construction | 10% |
Advance Rate on Current Value | 10% |
Loan % to After Rehab Value | 75% |
Property Types |
Single Family, Multi-Family, Mixed-Use |
Prepayment Penalty | No |
Extension Available | Yes |
Cross Collateral/ Blanket Loans | Yes |
Loan Size | $100k-$5M |
Loan Terms | 6 Months – 3 Years |
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