Looking to Refinance Your Investment Property out of a Hard Money Loan?

[Stacy Raskin]

Get Cash Out of Your Investment Property with no Personal Income Needed for the Loan

DSCR loans are a great way to supercharge your investment goals and net worth. Depending on the loan program, the mortgage will only be qualified off of your middle credit FICO credit score, down payment and market or actual rents.

Looking to refinance out of your hard money loan?

If you aren't looking to get cash out, you can also refinance out of a shorter term hard money loan or any loan to have a fixed 30 year mortgage term potentially saving on monthly interest payments if refinancing out of a hard money loan.

More details:

• Loans available for cash-out
• For 1-4 units (single family rentals to fourplexes)
• Loans for property appraised at $75,000 and up. Minimum loan amount is $50,000
• Credits score down to 620 (for loans under $100K, middle mortgage credit score is 680). If credit is lower, LTV will be reduced
• Cash out limits depend on property value, credit score and if the property is vacant.
• Non-warrantable condos and condotels permitted for loans above $100K.
• Rate buydown feature available.
• DSCR (lower of gross rent lease or Appraisal Form 1007/216 rent divided by PITIA) as low as 1.0x.
• Short term rentals can be structured off of 12 month short term rental history for loans above $100K.
• Fixed 30 year terms or fixed 40 year terms of 10 years of interest only payments followed by 30 years fully amortized for loans above $100K.
• Inquire for additional details.

I work on DSCR loans in all U.S. states except for Arizona, Idaho, Iowa, Minnesota, Nevada, North Dakota, South Dakota, Oregon and Utah. This list gets updated- please contact for further information.

I look forward to hearing from you.