Cash out refi

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Cash out refi

Jeremy Torres
Rental Property Investor · TX (texas) · Member since 2019 · 121 posts · 33 votes

Looking for a Texas lender that can answer some questions or give opinions on doing a cash out refi on a rental property to help pay off personal debts. 

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  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    2y

    Hey Jeremy, 

    What questions did you have?

    [email protected]818-269-7983
    LuxePrivate Investments LLC 572 Reviews
    WebsiteView Page
    0Reply
  • Devin PetersonBusiness Member
    Lender · Sarasota, FL · Member since 2022 · 2k+ posts · 667 votes
    2y
    Quote from @Jeremy Torres:

    Looking for a Texas lender that can answer some questions or give opinions on doing a cash out refi on a rental property to help pay off personal debts. 


     Hey jeremy, sometimes the best options may not be local I recommend asking some qualified investment focused brokers 

    [email protected]860-538-3672
    ProAlpha Capital56 Reviews
    WebsiteView Page
    0Reply
  • Jeremy Torres
    OP
    Rental Property Investor · TX (texas) · Member since 2019 · 121 posts · 33 votes
    2y
    Quote from @Erik Estrada:

    Hey Jeremy, 

    What questions did you have?

    I’m just trying to I guess get an appraisal on my rental and see if I can cash out refi my house to pay off some personal debts.   And how much in closing costs would I have to pay out of pocket. 
    0Reply
  • Jeremy Torres
    OP
    Rental Property Investor · TX (texas) · Member since 2019 · 121 posts · 33 votes
    2y
    Quote from @Devin Peterson:
    Quote from @Jeremy Torres:

    Looking for a Texas lender that can answer some questions or give opinions on doing a cash out refi on a rental property to help pay off personal debts. 

    I’m just trying to I guess get an appraisal on my rental and see if I can cash out refi my house to pay off some personal debts. And how much in closing costs would I have to pay out of pocket.


     Hey jeremy, sometimes the best options may not be local I recommend asking some qualified investment focused brokers 


    0Reply
  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    2y
    Quote from @Jeremy Torres:
    Quote from @Erik Estrada:

    Hey Jeremy, 

    What questions did you have?

    I’m just trying to I guess get an appraisal on my rental and see if I can cash out refi my house to pay off some personal debts.   And how much in closing costs would I have to pay out of pocket. 

     Would depend on the loan amount size. What is the property value? And how much do you owe? 

    [email protected]818-269-7983
    LuxePrivate Investments LLC 572 Reviews
    WebsiteView Page
    0Reply
  • Ko KashiwagiPro Member
    Lender · Los Angeles, CA · Member since 2022 · 967 posts · 445 votes
    2y

    Hi Jeremy,

    What interest rate are you currently paying on your personal debts? If it's much higher it would make sense to get a cash out refinance.

    310-848-9776
    0Reply
  • Brittany MinocchiBusiness Member
    Lender · Massillon, OH · Member since 2022 · 1k+ posts · 486 votes
    2y

    Hey Jeremy! 

    I'm not physically in Texas, but I'm happy to answer any questions you have. The first steps would be to try and estimate the property's current value vs. what your payoff, determine what LTV you qualify for and see how much equity you have to work with. As for closing costs, you shouldn't have to pay anything out of pocket, the costs would be deducted from the cash you pull from the property. Feel free to connect.

    [email protected]330-354-6590
    Brittany Minocchi - Barrett Financial Group, LLC522 Reviews
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    0Reply
  • Jeremy Torres
    OP
    Rental Property Investor · TX (texas) · Member since 2019 · 121 posts · 33 votes
    2y
    Quote from @Brittany Minocchi:

    Hey Jeremy! 

    I'm not physically in Texas, but I'm happy to answer any questions you have. The first steps would be to try and estimate the property's current value vs. what your payoff, determine what LTV you qualify for and see how much equity you have to work with. As for closing costs, you shouldn't have to pay anything out of pocket, the costs would be deducted from the cash you pull from the property. Feel free to connect.


     thanks so much I’ll inbox 
    0Reply
  • Jeremy Torres
    OP
    Rental Property Investor · TX (texas) · Member since 2019 · 121 posts · 33 votes
    2y
    Quote from @Jeremy Torres:

    Looking for a Texas lender that can answer some questions or give opinions on doing a cash out refi on a rental property to help pay off personal debts. 

    @Brittany Minocchi   I want to refinance a rental.  

    0Reply
  • David Pearl
    Lender · Member since 2024 · 121 posts · 14 votes
    2y
    Quote from @Jeremy Torres:

    Looking for a Texas lender that can answer some questions or give opinions on doing a cash out refi on a rental property to help pay off personal debts. 

    @Jeremy Torres - Hi Jeremy. We specialize in
    30 year rental loans for investment properties that you can use for a cash out refi. No income verification. No tax returns. No DTI. Happy to discuss.

    0Reply
  • Jeremy Torres
    OP
    Rental Property Investor · TX (texas) · Member since 2019 · 121 posts · 33 votes
    2y

    Great!  I’ll inbox you

    0Reply
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