Residential & Commercial
EQUITY CASH OUT REFINANCE
Single Family Homes, Condos, Townhomes, 2-4 Units, 5+ Units, Mixed-Use and Commercial
At NSS Lending, LLC, we understand that owning investment property can be a great way to build wealth over time. If you’re an investor wanting to grow your portfolio of properties, you may want to consider accessing the equity in one (or more) of your income producing investment properties, leaving other assets, such as your retirement funds or personal home equity untouched, and use it to purchase additional income producing real estate. We offer two ways to get cash out of your investment property; refinance the entire mortgage on your 1-4 unit, 5+ multi-family, mixed-use or commercial property or use a 2nd lien to access the equity in your single family or 2-4 unit investment properties. Either way we strive to make it a smooth and hassle-free experience.
REFINANCE UP TO 75% OF THE LTV
Single Family & 2-4 Unit Non-Owner Occupied Rental Property
30-Year Fixed
Interest-Only Options
Can You Qualify For 80% LTV?
Yes!
If you Have...
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Single Family or 2-4 Unit Investment Property.
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720+ Credit
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Own Two or More Rental Properties for 24 Months
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Have a DSCR of >1.35
Get Up to 50% LTV
Credit Deprived?
Now, while we have made the idea of accessing the equity in your investment property appear quite simple, there are certainly things that you as an investor need to consider first.
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Will the current property appraise high enough to access additional cash?
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Is the current rental income enough to cover a higher mortgage payment at a DSCR >1.0
DSCR FORMULA
Rental Income ÷ PITIA = DSCR
PITIA = Principal, Interest, Taxes, Insurance and Association Fees (If Applicable)