Guiding global clients to local opportunities with over 21 years of mortgage experience.
USE YOUR PROPERTY EQUITY
If your property has built equity, a cash-out refinance may allow you to replace your existing mortgage and receive part of that equity in cash.
A cash-out refinance replaces your current mortgage with a new, larger loan.
The new loan pays off the existing mortgage.
If the transaction allows it, part of the remaining equity is paid to you at closing.
Equity is the part of the property you truly own: its value minus what you still owe.
This does NOT mean you can automatically borrow the entire $250,000. The lender decides how much equity must stay in the property, based on the loan program.
Illustration only. Not an offer or estimate for your property.
LTV stands for Loan-to-Value. It compares the loan amount with the property's value.
Example: a $400,000 loan on a $500,000 property equals an 80% LTV.
Different loan programs and lenders allow different maximum LTVs.
It depends on several things:
An appraisal (an independent estimate of value) may be required to determine the property's current value.
How cash-out proceeds may be used can depend on the loan program and transaction. Borrow only what makes sense for your goals.
Mainly changes your mortgage's rate, term or structure, without taking significant equity out as cash.
Replaces your existing mortgage and also lets you receive eligible equity as cash.
Cash-out options may be available based on the property, equity and borrower qualification.
See Home Loan OptionsInvestors may also have cash-out refinance options, including some DSCR programs.
Investment-property rules may differ from primary-home rules.
Some eligible investment-property programs may use the property's rental income through DSCR qualification instead of traditional personal-income documents.
Cash-out refinance options may also be available for eligible Foreign National property owners. Requirements can differ from U.S. resident programs.
Foreign National MortgagesSome programs have rules about how long you must own the property before a cash-out refinance, or how the value is figured after a recent purchase. The rule depends on the lender and program.
Bought recently? Tell us the purchase date and price so we can check the available options.
A cash-out refinance creates a new mortgage. Consider:
The important question isn't only “How much cash can I get?” It's whether the new loan makes sense for your goals.
See how a different loan amount or rate could affect your estimated payment.
Refinancing replaces an existing mortgage with a new loan. It may be used to change the interest rate or loan term, restructure the financing or, when eligible, access property equity through a cash-out refinance.
Yes. Many DSCR programs offer cash-out refinancing for eligible investment properties. Property value, existing liens, DSCR, seasoning, credit profile and maximum LTV can affect the available structure.
Yes. Cash-out refinance programs are available for eligible Foreign National borrowers and properties. The available cash-out depends on factors such as property value, current mortgage balance, maximum permitted LTV, seasoning and lender guidelines.
Yes. An eligible property with no current mortgage may be financed or refinanced to access part of its equity. The maximum loan amount depends on property value, permitted LTV, borrower profile, property type and lender guidelines.
It depends on the program. Each lender decides how much equity must stay in the property after the cash-out. More equity usually means more options. We check your numbers against the available programs.
LTV (Loan-to-Value) compares the loan amount with the property's value. A $400,000 loan on a $500,000 property is an 80% LTV. Maximum LTV varies by program and lender.
It depends on the property's value, your current mortgage balance, the allowed LTV, property type, how the property is used, your qualification and the program. An appraisal usually confirms the value.
Some programs require you to own the property for a certain time, or limit how a recent purchase is valued. The rules depend on the lender and program. Share your purchase date and price and we'll check your options.
Delayed financing is a refinance structure that may allow a buyer who recently purchased a property with cash to recover some of the cash invested, subject to the lender's program requirements. It has specific documentation and eligibility rules and is not the same as every standard cash-out refinance.
Tell us the property's estimated value, current mortgage balance and how much cash you're looking for. We'll help you review the available options.
Apply OnlineThis page is general information, not a loan offer or approval.
DIRECT INQUIRY
Share only the basic details needed for an initial review. Do not send sensitive financial documents.
