Seeking Cashout Refinance, HELOC or Home Equity Loan-Montana SFR

[Bryan C.]

Hey all,

I have a SFR in Great Falls, Montana that is valued at about $175k & I owe $95k....I am wanting to take out some of that equity to use to invest in other real estate deals...

I am active duty military stationed overseas in England so I can't just go into any bank or credit union in person but I know that I can get this done via phone, email etc.

I am seeking advise or recommendations on easiest way and best way to do this... also any recommendations for Lenders would be helpful.

[Seth Hayes]

Bryan,

A mortgage broker can help you meet your funding goals with no regard to your location. Much of what we do can be hashed out online or via phone or email. 

HELOC or cash out refis are all options available to you. You simply need to determine which one is right for you based upon your short term and long term goals. Once you've figured that out, you simply have to decide which lending program provides you with your desired outcome with minimal impact at closing.

So while a local small bank may be able to provide you with the best terms, you may be limiting your options and ability by not being physically local to the property. Mortgage brokers should be able to provide you with more options since they can open you up to nationwide lenders.