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Cash out refinance

Cash out refinancing occurs when a loan is taken out on property already owned, and the loan amount is above and beyond the cost of transaction, payoff of existing liens, and related expenses.

Our cash-out refinance loans are suitable for those looking to purchase commercial and/or residential properties. Traditional lenders tend to lock out many would-be buyers, due to strict loan parameters. Our cash-out refinance loans are a key way of getting cash now by refinancing an existing mortgage for a greater amount. We can expedite this process, getting you cash right now.

Loan Amounts: $150,000 – $75,000,000

Available Rates: 5.99% – 9.00%

Typical Terms: 1 months – 36 months

Points Charged: 2% – 4%

Max Loan-to-Value (LTV): 75-95%

Max Loan-to-Cost (LTC): 100%

Owner Occupied Allowed: YES

Interest Only Loans: YES

Prepayment Penalties: NO

Minimum FICO Score: 600

Time to Close: 7-10 Days