Cash Out Refinancing Houston
With cash-out refinancing, Houston real estate investors have simple, direct access to funding.
Cash Out Refinance for Real Estate Investors in Texas
Conventional financing from traditional lenders, like banks, has stricter underwriting guidelines than private money lenders like King James Lending.
We can fund based on assets rather than personal finances. With this model, we can lend fast! Moreover, we provide private loans to investors and borrowers with bad credit, helping them when faced with the following:
- Low Credit Scores
- Low Income
What is the Benefit of Cash Out Refinance with Hard Money?
In addition to the convenience of fast cash for your existing equity, another significant benefit is getting a loan through cash-out refinancing with a private money lender. The remaining cash left over is not considered income because it is from your existing equity, which means it is TAX-FREE!
Then you can then use this TAX-FREE private money 100% for your investment or purchase!
How Does Cash Out Refinancing Loan Work?
With Hard Money Cash Out Refinancing, you replace your existing mortgage with a new loan. The difference between the existing mortgage and the more considerable hard money cash-out refinanced loan is that the cash goes to you. Our hard money cash-out refinance loan rates are lower than your typical credit card rate, making it a more affordable option.
What that means for you:
- The borrower has an existing mortgage balance of $50,000.
- They get a Cash Out Refinanced Loan for $100,000.
- The remaining balance is theirs to use for investment.
- $100,000 – Cash Out/Refi Loan
- – $50,000 – Mortgage Balance