Home Loan Information Home Loan Information From A Former Industry Insider

No-Seasoning Cash Out Refinance on Investments

It’s back! A little common sense in lending can go a long way. From 2003 to 2009 I was tops in real estate investment lending in Georgia. I had the privilege of teaching in the John Adams Real Estate Investment Institute at Emory University and having the only lenders office inside the Georgia Real Estate Investor’s Association. Because of that and massive radio, cable and print advertising I was able to help thousands of real estate investors get started and stay successful through the bubble.

Play this short audio file for more details about the Non-Seasoned Cash Out Refinance for Real Estate Investors

One of the things we most missed was real estate investment no-seasoning cash out refinance. This allows the investor the ability to recoup their money, up to 75% of the value of the property, so they can go invest again. Call me on my cell phone at 678-439-8683 for immediate answers or send me an email.

• The new loan amount can be no more than the actual documented amount of the borrower’s initial investment in purchasing the property plus the financing of closing costs, prepaid fees, and points (subject to the maximum LTV/CLTV/HCLTV ratios for the transaction).
• The purchase transaction was an arms-length transaction.
• The transaction is documented by the HUD-1, which confirms that no mortgage financing was used to obtain the subject property.
• The sources of funds for the purchase transaction are documented (such as, bank statements, personal loan documents, HELOC on another property).
• All other cash-out refinance eligibility requirements are met and cash-out pricing is applied.

620 minimum score – best pricing scenarios (interest rates) begin at 680 score but 620 is still in the 5′s – rate is based on score and other risks to the lender.

Note: The preliminary title search or report must not reflect any existing liens on the subject property. If the source of funds to acquire the property was an unsecured loan or HELOC (secured by another property), the new HUD-1 must reflect that source being paid off with the proceeds of the new refinance transaction.

I am a multi-year veteran of the industry who has served in the highest offices in the industry. I can help you get the best deals and avoid getting ripped off!
Contact form on this web site