Cash Out Refinance On Investment Properties
I saw a lender's Cash-out refinance and their financing deals were 80%LTV minimum credit score 580 Loan amounts from $25K-2.5milli
Residential up to 4 units and Intrest rates from 7-13% depending on your credit. Is this a good finance deal on a Cash Out Refi?
Most Popular Reply
@Delmas Edwards this isn't a regular cash out refi, this is a Subprime solicitation that will be filled fees, and unexpected cost. The clear signs are accepting credit scores as low as 580, and rates between 7-13% which are far higher than current market rates.
This is targeted for someone who's uniformed or in a tight situation and this is their only resort to access cash, Do your research, you'll find better options are available