How does a cash-out refinance on a rental work?

A cash-out refinance on a rental replaces the existing loan with a larger one and gives you the equity difference in cash, usually up to 75% of the property's value. Investors use it to fund the next purchase.

You can qualify conventionally on income or via DSCR on the property's rent. Rental cash-outs carry slightly higher rates than primary homes. We'll structure it to free up capital while keeping cash flow positive.

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