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Refinance

There are different types of mortgage products you can use to refinance a home. Here are some of the ways we can help.

Hard Money

Rates: High

Advantages: All cash offers, can buy properties with significant damage, close fast with little hassle

Ideal for: Investors, developers, rehabbers, bankruptcy

FICO: No FICO options

Max Loan to Value (LTV): 70%

Non-QM

Rates: Medium

Advantages: No income and no FICO options with better rates than hard money

Ideal for: Alternative income earners, investors

FICO: No FICO options

Max Loan to Value (LTV): 80%

Rate/Term

Rates: Lowest

Advantages: Lowest interest rate/lowest monthly payment, can remove mortgage insurance premium (MIP) early

Ideal for: Primary and secondary homeowners and investors with equity seeking a lower monthly payment

FICO: 620 and above

Max Loan to Value (LTV): 80%

Cash-out

Rates: Low

Advantages: Best interest rate for taking cash out of equity

Ideal for: Primary and secondary homeowners and investors with equity seeking the best rate to borrow cash

FICO: 620 and above

Max Loan to Value (LTV): 75%

Home Equity Line of Credit (HELOC)

Rates: High

Advantages: Draw money as needed, (only recommended when cash-out is not possible)

Ideal for: Borrowers who cannot qualify for a cash-out refinance

FICO: 680 and above

Max Loan to Value (LTV): 90%

Need more help finding the right mortgage product for you? Contact Us now or: