A cash-out refinance can be a good option. Is there a need for additional funds to cover
- More Schooling?
- Is that…?
- Something Big?
- An interior redesign?
- A potential market?
If you need money, you could use a home equity line of credit (HELOC). You should get in touch with us here at SteveKnowsLoans first to discuss your available choices. Cash-out refinancing often provides better terms for borrowers.
A cash-out refinance might help you save a lot of money over the course of your loan if you have sufficient equity in your property to qualify.
HELOCs do not often require closing costs; however, they typically have higher interest rates than mortgages. You can save money on interest and have more flexible terms with a cash-out refinance loan from SteveKnowsLoans. The monthly cost savings could be significant.
The cash-out refinance programs at SteveKnowsLoans provide the following advantages:
- Borrowers with several financed properties can take advantage of our cash-out refinancing options.
- You only need a FICO credit score of 620 to qualify.
- Our cash-out loans comply with all regulatory guidelines.
Our Cash-Out Refi’s maximum LTV and CLTV are:
- 80% for a single-family home.
- 75 percent for a property with two to four units
- 75% for investment properties with one unit or for second homes.
- 70% for a rental property with two or more units
Our cash-out refinance loans have a maximum debt-to-income (DTI) ratio that is calculated by our desktop underwriter engine. Recent cash purchases (within the past 6 months) qualify for deferred financing.
SteveKnowsLoans has more knowledge on cash-out refinancing than anyone else. We are well-versed in all aspects of mortgage refinancing. Contact us immediately if you want to take advantage of the equity you’ve built up in your home. You can use SteveKnowsLoans’ Cash-Out Refinance option for your primary residence, secondary residence, or investment property.
Call Steven Jackson at 813-616-9411 now!
