Equity Cash-Out Refinance Loans
At NSS Lending, LLC, we understand that owning investment property can be a great way to build wealth over time. That’s why we offer cash out refinance loans, which provide you with access to the equity in your investment property.
Our team of experienced mortgage professionals will guide you through the loan process, helping you to understand all the available options, so you can make an informed decision. We strive to make it easy to access the equity in your investment property, and ensure a smooth and hassle-free experience.
Having Equity in a Rental Property Is Like Having Money in the Bank; It’s Not a Productive Use of Funds
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
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.
Will the current property appraise well?
Is your property seasoned? In other words, have you owned the property for three, six months, a year or more? Some lenders will not refinance a property until you’ve owned it for a period of time and show a history of rental payments.
Are your current tenants paying enough to cover the higher mortgage payments?