All Forum Posts by: Andrew Zamboroski

Are there lenders that will do a cash out on a property with no mortgage? And I wanna separate business from personal so I wanna get the loan in my llc transfer title to my llc.. 

Hello all,

I am looking to cash-out Re-fi several newly renovated SFH rentals in the Hinesville ,GA area.

I understand that typically investment properties have a threshold of 75% LTV in a CASH-OUT scenario, but I figured it couldn't hurt to ask if any of you fine people know of anyone that could push it a little closer to 80%.

Thank you!

Hi,

I am an out of state investor, currently rehabbing a property which I plan to rent out and refinance in a few months. 

From what I was reading about refinancing requirements - seems like some of them require the property to be managed by a management company. 

Can I self manage this property and still get a refinance? (I have boots on the ground in case needed)

Thanks  

Well, no, the fed cut the fed funds rate which is the rate that big banks lend money to each overnight. Therefore, the Fed decides what the shortest-term loan cost will be. The market decides what every other interest rate will be. Obviously, mortgages are longer than 24 hours so there is no direct correlation between fed funds and long-term mortgage rates. (The exception to this is loans based off prime which would typically be home equity lines of credit as the Fed funds rate does affect prime)

The Federal Reserve meets 8 times a year, while the bond market which actually dictates mortgage interest rates is traded every second of every day of the year. So, if you and I knew the Fed was going to start cutting the fed funds rate, the traders who do it for a living did as well. They look forward to where rates are going to be, not where they are currently. Therefore, the reason mortgage rates have gone down 1.5%~ or so over the last three months is due to the bond market pricing in this cut and future cuts. You can bet on where you think the fed funds rate will be with Fed Funds futures contracts, and right now that market has the fed funds rate all the down to 3% by June 2025. https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html Of course, markets can be wrong, and data can change, but that is what is being priced in at the moment.

In fact, mortgage rates often RISE after a Fed funds rate cut. This can happen for any number of reasons but for example if Powell says something that seems contradictory to the above assumptions rates can pop quickly up.

That all being said, rates can still be had at this point in the 5’s for those with good credit and loan to value. Refi’s is certainly a possibility for those that have purchased in the last two years or so.

Hi all,

With this interest rate, when should I might try to refinance to lock in a lower rate. The home is in Columbia, SC. With the .5 point cut, I think the rates already dropped in anticipation of this happening, but not sure if anyone has further insight into this?

Thanks!

I know the market had priced in a .25% drop into loans for the last few weeks maybe a month. So when do we start to see the extra .25% hit on the loan side?

Why i ask is i am looking for a DSCR loan and hoping to see better loan rates soon.

Thanks

Newbie investor here looking to do my first actual investment purchase. Currently looking into doing a BRRR or a buy and hold in the FL market. My wife and I have our old primary home that we recently moved out of and are renting that has 150K+ in equity that we could tap into via HELOC to fund the down payment for our next purchase and cover the remainder with a DCSR or Conventional loan?

Curious what the more experienced folks here think is the best strategy given the current rate cuts happening. Having two open loans for the property is not ideal as that's double closing costs but maybe that is a fairly normal strategy?

Any advice is greatly appreciated!

Hi all -

I have a house on the market that is not selling. It’s priced below value, but people aren’t fond of the area, low walkability score, near a bus stop, etc.

I’m nearing the end of a hard money loan and I’m wondering if it’s possible to do a cash out refinance on a HARD MONEY loan. Will someone lend me money to pay off another hard money loan?

Hello everyone, 

I am completing my second BRRRR and looking to do a cash-out refi. Searching to see if any lenders are doing a cash-out with no seasoning period.

Thank You