Cash Out Refinance

Apply Now For Cash-Out Refinance

Need extra capital for your next project or investment? The Cash-Out Refinance Program is designed to help you tap into the equity you’ve built in your real estate portfolio.

Whether your property is owned free and clear or still has a loan in place, we offer fast and flexible refinance options that allow you to extract cash quickly. Since these loans don’t report on your credit, they won’t impact your debt to income ratio, making them an ideal way to access capital while preserving borrowing power.

Cash-Out Refinance

Cash-Out Refinance Program Details

Cash-Out Refinance FAQ'S

1. How is a Cash-Out different from a Rate & Term Refinance?

Essentially the two loans are one in the same. Both programs offer the same process, timeline to close, and requirements, with the purposes being the greatest difference. Rate & Term Refinances are generally used to payoff an existing loan balance, while keeping the balance low and receiving a better rate. Cash-Out Refinances are best utilized when there is existing equity (value) in the property.

2. What can I do with my proceeds?

What can’t you do? Once the loan is complete, the money is yours to spend however you like. Many investors see the opportunity to cash-out of a property as a major win, and choose to acquire more rental units, focus on their next flip or new construction project, or treat themselves to a well earned vacation.

3. Is this any different than a bank loan?

AFC’s Cash-Out Refinance Program follows some of the same procedures and guidelines as your typical bank loan, sharing many of their advantages and few of the disadvantages. Our refinances have a few distinct advantages including but not limited to; the ability to close quickly (within 30 days), our loans being considered “lite doc” with no tax returns or income statements required, and the fact that our loans are completed to an LLC/Corp that will never reflect on an individual’s personal credit.

4. How long are these loans for?

As in our rental program, we have a variety on terms that will fit any investors needs. These range from 5/1, 7/1, and 10/1 ARM’s to a 30 Year Fixed Rate loan. In any case, the amortization schedule (how the loan is priced) is set to 30 years, ensuring the lowest possible payment.

Cash Out Refinance

Apply Now For Cash-Out Refinance

Cash-Out Refinance

Interest Rate:

Credit Score (FICO):

DSCR (Debt Service Coverage Ratio):

Seasoning Requirement:

Max Loan to Value:

Property Type:

Loan Term:

Income Verification:

Cash-Out Refinance FAQ'S

Programs

Other Programs

Contact Info