Cash Out Refinance To Buy Investment Property Here

A cash-out refinance allows you to replace your current mortgage with a new, larger loan, giving you the difference in a lump sum of cash to use as a down payment on an investment property.

: A minimum score of 620 is usually required, though 700+ often secures better interest rates. cash out refinance to buy investment property

: You typically must leave at least 20% equity in your home. Most lenders allow a maximum Loan-to-Value (LTV) ratio of 80% . A cash-out refinance allows you to replace your