Refinancing or Cashing Out?
Real Estate Equity Cash-Out and Refinancing for Competitive Rates
Refinancing real estate to cash out on equity is trending across the nation because of the property value increases over the previous four years. Also gaining popularity is the converstion of investor short-term bridge loans in to long-term rental loans or wrapping multiple property loans into one simple mortgage by refinancing.
Tap Equity or Rate
Options are available and within your immediate reach to turn your valueable property into spendable cash. You may, at the same time, extended your mortage term and/or lower your rate. Ask us to show you what your options are and provide you way to achieve your refinancing goal.
Refinancing and Equity Mortgages
Refi/Cashout Options
We provide equity cashouts and refinancing for both residential and commercial properities to restructure your loan rate and term or just get more cash.
Eligible Real Estate
- House, Townhome or Condo
- Duplex, Triplex or Quad
- Multifamily or Mixed-Use
- Retail or Office Space
- Daycare Center or Self Storage
- Restaurant/Bar or Automotive
- Warehouse or Light Industrial
Loan Information
- Refinance or HELOC
- HELOAN or 2nd Mortgage
- Convential, FHA, DSCR, Bridge
- FHA Cash-Out from 540* Credit
- 12-24 month investor bridge
- 30-40 year investor DSCR
- 5/1 ARM, 7/1 ARM, 15/30-year fixed
- Line of Credit or Lump Sum
- Qualify with 12-24 months of Bank Statements, W2 or Tax Returns
- Closings in as little as 11 business days after application and docs completed
Frequently Asked Questions
Refinancing and Equity Cashout Q&A
Below are the most common questions about refinancing real estate and cashing out equity.
If I own the property outright, is it still called "refinancing"?
Yes. Even though the word refinancing would most accurately be defined as financing an existing debt, getting a loan secured by “debt-free” real estate is still referred to as refinancing.
What's the difference between an equity HELOC and either a HELOAN or closed-end 2nd mortgage?
HELOC’s are a line of credit that is similar to a credit card such that you qualify for a specific amount of credit that you can use all or a part of and only be charged interest on the portion that you are using. HELOC’s come with a period of time you are allowed to continue to draw from and typically have a higher interest rate .
HELOANs and closed-end 2nd mortgages are lump sum loans at either a fixed or adjustable interest over a specific loan payback term. These loans allow the owner to maintain the interest and terms of the 1st mortgage,by creating a 2nd mortgage, when the 1st mortgage interest is more favorable then current market rates.