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To refinance your rental property, be sure you’re up on lender requirements, know your equity and are ready to shop around to find the best rate. Refinancing isn’t just for a primary residency.
A hard-money loan, also known as a bridge loan, can help you access cash for a rental or investment property. While its credit score and debt-to-income requirements are more flexible, you still ...
A rental property can offer income, but your loan could be limiting rental income profits. If you've been stuck with a high interest rate or don't have the cash on hand to jump on another ...
Requires appraisal and closing costs of 2% to 5% of your loan amount. A cash-out refinance is a type of mortgage loan that replaces your current mortgage with a new, larger mortgage and allows you ...
The Home Affordable Refinance Program (HARP) was created by the Federal Housing Finance Agency in March 2009 to allow those with a loan-to-value ratio exceeding 80% to refinance without also paying for mortgage insurance. Originally, only those with an LTV of 105% could qualify.
Loan options for using your home equity to buy an investment property. There are a few ways to borrow from your home equity. How you borrow from your home equity could determine how you receive ...
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