Cash Out Loan
Cash out loans are a great way for investors to tap into the “dead equity” of their residential, commercial, or even raw land. Depending on the property type an investor can borrow up to 75% of the value of the property. Many investors use this equity to purchase additional income producing property or even upgrade an existing property.
Property Types:
Residential & Commercial
Markets:
Texas
Loan Amounts:
$100K+
Term
Up to 30 years
Amortization:
Up to 30 years
Rate:
Market rates
Fees:
TBD
LTV:
Up to 75%
LTC:
N/A
Qualifying:
Full and no-doc loans available
Recourse:
Yes
Prepay penalty:
TBD
CLTV:
75%
Escrows:
Not Required
Credit Score:
580+
FAQs
Would you consider this type of loan to be targeted more toward the average homeowner than someone in the real estate industry (for example, someone who flips houses)?
This program is tailored to real estate investors who own investment property.
Some borrowers may want to use the money from a cash-out to pay off debts or fund a large purchase. What are some other common reasons that people would obtain a cash-out?
Yes paying off debts, purchasing more property, a cash-infusion in a business they own, taking a dream vacation, you name it!
What are the advantages of Noble over another cash-out refinancing provider (such as a major bank)?
Noble provides more flexibility with its multiple loan programs, property types, and the speed in which the loan closes.
FAQs
Would you consider this type of loan to be targeted more toward the average homeowner than someone in the real estate industry (for example, someone who flips houses)?
This program is tailored to real estate investors who own investment property.
Some borrowers may want to use the money from a cash-out to pay off debts or fund a large purchase. What are some other common reasons that people would obtain a cash-out?
Yes paying off debts, purchasing more property, a cash-infusion in a business they own, taking a dream vacation, you name it!
What are the advantages of Noble over another cash-out refinancing provider (such as a major bank)?
Noble provides more flexibility with its multiple loan programs, property types, and the speed in which the loan closes.
