The independence celebration continues with a Cash Out Refinance Interest Only loan funded in 24 days! If you have a loan scenario like this funded loan, contact an Account Executive to start with Emporium TPO. Loan Amount- $298,926 Loan Type: 30Y Interest Only – Cash Out Refinance Sub to fund: 24 days Sub to Ctc: 19 days Credit Score: 718 LTV: 64% DSCR- 1.66 *Terms for illustrative purposes only
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Head of Regional & Agriculture at Flint Group 🏡 | Farmers' Finance Australia 🌾 | Helping You Build Wealth Through Property | Available 7 days | benrobinson@flintgroup.au | ben@farmersfinance.com.au | 0458588580
Banks have now begun to reduce serviceability rates for Investment Interest Only Loans With clients purchasing at 2% interest rates two years ago it has been difficult for them to refinance. Traditionally banks assess a loan application by applying a 3% buffer on top of the current market interest rate. Many clients were left prisoners of banks and couldn't refinance even if it meant their repayments would reduce due to this assessment method. Banks have now implemented a 1% assessment buffer on investor deals as well. The previous refinance changes were limited to only owner-occupier loans and principal and interest loans. A couple banks offering this for investors: Bankwest AFG Home Loans - Retro Get in touch if you'd like to explore a better rate and extend your interest-only period. benr@inovayt.com.au 0447 109 757 #propertyinvestment #costofliving #interestrates
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Thousands of loans will reach maturity in 2024 and 2025 across all asset classes, and many owners will find that they are coming up short on proceeds at refinance. If you are concerned that this may be a problem for a maturity that you are facing, it is best to plan ahead. We can help with senior and supplemental debt options that can help you get past the current interest rate challenges and on to a brighter future ahead. Schedule a call to discuss options at Calendly.com/BMFG.
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Our hard money loans come with 6 or 12-month terms. You'll make interest-only payments until you refinance or sell the property. Need to extend after 6 months? Just pay 3 points of origination for another 6-month extension. Remember, you're only making interest payments throughout the loan term. #HardMoneyLoans #InterestOnly #LoanExtension #InvestmentStrategy
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Hiring Sales Talent and Helping Them Grow Their Business @ AFC Mortgage Group! | Real Estate Investor
We just quoted a no-income verification cash-out refinance on a single-family investment home at 7.625%. The appraised value was $300,000 and a 70% loan to value. The loan amount was $210,000. The pre-payment penalty was a 5-year pre-pay. The APR was 7.98%. 30-year fixed rate loan. The borrower had a 740 FICO. Interest rates on a 3-year pre-pay were 7.875% Interest rates on a 2-year pre-pay were 8.125%
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Part 1 - Minimum repayment is making the bank rich and you poor. The reason for this is that interest is calculated daily, not yearly. On a $800,000 loan against a $1M property at 6.5% over 30 years, you’ll be paying $1,020,356 in interest ALONE. With that payment, you didn’t pay 6.5% interest, you paid 100% interest to purchase that property! Reducing your loan term is important to save you more money over the life of the loan and while this may not be practical for most immediately as the repayments will go up, you can refinance to a lender offering 0.5% less and make the same repayments as you do currently. By doing this, you’ll save close to 4 years on your loan term and $139,300 in interest .. back in your pocket. There is situation where you would just make minimum repayment. For that, like and follow for part 2!
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Managing Director- CMBS/Commercial Real Estate/Loan Assumptions/Distressed Properties/Restructures/ Recapitalizations and Capital Placement.
In the past year, we've been assisting CMBS borrowers with extending loan maturities. Lenders are open to collaboration based on factors such as asset class, property performance, and location. They're particularly interested in seeing evidence that, as an investor, you've made efforts to refinance the property without success. However, perfecting these requests requires time. If your CMBS loan is maturing in 2024 or early 2025, reach out to discuss your options. Partnering with a loan workout team could help you save both time and money. #CMBS #Loanworkouts #maturityextension
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➡️➡️ Refinance Your Bridging Loan - Now Available ⬅️⬅️ See below Refinancing a bridging loan allows you to replace existing finance secured against an asset. Investors may seek out this options where certain plans have fallen through and more time is required. For instance, your current finance may have run out before you had a chance to complete your project, or your original exit strategy is no longer viable. You may also seek out refinance if it results in cheaper rates or more favourable terms. What’s more, you may be able to refinance more than once should you need to raise additional funds for expanded business or property plans. What’s important for refinance bridging loans and indeed, for all our products, is having an exit strategy in place. DM for more info or to get some info on your options. #bridgingfinance #bridgeloans #Refinance #bridgelending
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Licensed loan officer @The Mint Capital, I'm here for YOU - to get your loan delivered quickly and smoothly! Feel free to contact me for all mortgage needs, I will be happy to assist you. NMLS #2060303
Did your investment property go up in value? Got a good interest rate on your first loan, making it not worthwhile to refinance for a cashout? (stuck with your equity in your property?) A second lien might be your answer. We offer second-lien options, full doc, and DSCR. Reach out to teamzf@themintcapital.com to get started. #Mortgagewithease #themintcapital #Secondlien #DSCR
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If you are looking at borrowing money for a house purchase or refinance, but ATO debt is hampering your efforts, there may be options available to help in these scenarios. Just drop us a line if this is something you would like to know more about or if I can assist.
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Not only is there a wave of loans maturing soon that owners will be forced to refinance at much higher rates, but many also face looming expirations on the agreements they reached to hedge against the rising interest rates. Read the full story here: https://lnkd.in/eTX3e7ej
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