Today we are discussing a somewhat advanced strategy for you to use after you have been in the creative real estate investing business for a while. I call this Rehab, Refinance, and Cash Out. This strategy can lead to true long term wealth and financial independence.
Educated Consumers Can Save Money on Mortgages
Smart homeowners and homebuyers see the current market as an opportunity to either take a second look at their existing mortgages or to shop around for new mortgages.
Cash Out Refinance – Things To Know About Refinancing Your Mortgage To Get Cash Out
A cash-out mortgage allows you to refinance your mortgage and pull out part of your equity. Before deciding how much to cash to use, be aware of the impact of PMI and equity amounts. However, you may find the benefits of refinancing outweigh the costs.
Cash-Out Mortgage Basics
With a cash-out mortgage, you can refinance for lower rates or to just get part of your equity out. Once the refinancing process is completed, you will end up with a check. You can decide to take …
Home Equity Loans & Creative Small Business Financing
You dont have to have investors or a traditional business development bank loan to start your own small business. If you own a home or have the credit to open revolving credit card accounts, your small business financing could be a reality. A more traditional approach is the home equity loan. Banks usually offer home equity loans for 125% of the propertys fair market value or FMV.