CASH OUT LOANS

Cash out loans are riskier for the lender and usually require more equity in the property and larger reserves. Most conventional loans do not allow interest only on cash out loans. We have portfolio lenders (lenders that lend their own money instead of selling the loan) that will allow cash out on interest only loans up to $5 million.

80% loan to value up to $750,000
75% loan to value up to $1.1 Million
70% loan to value up to $5 Million
Interest only
30 & 40 year amortization
Up to 4 units
Rates fixed for 3. 5, 7, 10, 15 or 30 years
40 year term with interest only rate fixed for the first 15 years

Cash out can be used for any purpose; buying a new home or investment property, home improvement, consolidating debt or taking a vacation.