Cash out refi
Looking for a Texas lender that can answer some questions or give opinions on doing a cash out refi on a rental property to help pay off personal debts.
- Lender
- 1,726
- Votes |
- 6,388
- Posts
Hey Jeremy,
What questions did you have?
- Erik Estrada
- [email protected]
- 818-269-7983
Hey jeremy, sometimes the best options may not be local I recommend asking some qualified investment focused brokers
- Devin Peterson
- [email protected]
- 860-538-3672
- Lender
- 1,726
- Votes |
- 6,388
- Posts
Would depend on the loan amount size. What is the property value? And how much do you owe?
- Erik Estrada
- [email protected]
- 818-269-7983
Hi Jeremy,
What interest rate are you currently paying on your personal debts? If it's much higher it would make sense to get a cash out refinance.
Hey Jeremy!
I'm not physically in Texas, but I'm happy to answer any questions you have. The first steps would be to try and estimate the property's current value vs. what your payoff, determine what LTV you qualify for and see how much equity you have to work with. As for closing costs, you shouldn't have to pay anything out of pocket, the costs would be deducted from the cash you pull from the property. Feel free to connect.
- Brittany Minocchi
- [email protected]
- 330-354-6590
thanks so much I’ll inbox
@Brittany Minocchi I want to refinance a rental.
@Jeremy Torres - Hi Jeremy. We specialize in
30 year rental loans for investment properties that you can use for a cash out refi. No income verification. No tax returns. No DTI. Happy to discuss.
Great! I’ll inbox you