Values have gone up very quickly recently, so it may benefit you to refinance your real estate at very low rates in the 3’s, with very low payments, to payoff debts, invest the proceeds, improve your home, or for other needs.
I hope you will find these notes useful. Of course, please call/email anytime with questions.
The VA and FHA options are a bit more costly than traditional but they allow for those higher LTVs which may be worth the extra cost depending on your situation. Let’s face it, all rates are pretty low right now if you have a good use for the funds.
- You must have solid credit/income/employment history etc for the fully documented long term fixed rate loan options backed by the Government. You must qualify and be approved but they are not overly restrictive.
- We do have other cashout loan options available if you do not quite “fit the box” of the traditional government guaranteed/insured loans.
- For my investor clients: If you have owned the property less than 6 months, we need to discuss some restrictions and some options to resolve.
- If you own commercial real estate or buildings/warehouses/offices, we can discuss those as well.
I look forward to your questions and thoughts. Just drop me an email or give me a call anytime.