The No Ratio Loan Program: A Solution for Investors
For borrowers who don’t want to disclose their income through tax returns, the No Ratio cash-out loan program offers a way to leverage rental investment properties without strict underwriting guidelines.
Transforming High-Interest Loans into Affordable Financing
Our client sought our assistance in obtaining a $615,000 cash-out refinance for his 4-unit rental investment property in Miami Beach, Florida. Our goal was to replace his high-interest, short-term private lender loan with a more affordable and sustainable financing solution.
Achieving a 7/1 ARM with a 30-Year Amortization
We successfully refinanced the client into a 7/1 adjustable-rate mortgage (ARM) with a 30-year amortization. This not only reduced his interest expenses but also freed up cash flow for further investments in rental properties.
Key Features of the No Ratio Cash-Out Loan Program
This program offers numerous benefits for investors, including:
- No debt-to-income ratio (DTI) requirement (hence why this program is known as the “No Ratio” program)
- No need to provide tax returns or income documentation
- Instead, the lender qualifies the borrower based on the property’s income potential compared to the property’s expenses. (This ratio is known as the debt service coverage ratio (DSCR)).
- Eligibility for all investment property types, including multifamily properties
Optimize Your Investment Strategy with a No Ratio Cash-Out Refinance
Unlock the potential of your rental investment property in Miami Beach or beyond with a No Ratio cash-out refinance. Our team of experts can help you secure a financing solution tailored to your unique needs, allowing you to invest in additional properties or obtain residential loans.
Contact us today to discover how a DSCR loan (e.g., No Ratio cash-out refinance program) can elevate your investment strategy while providing financial flexibility and privacy. Let us guide you toward achieving your investment goals with a wide variety of investment property loans to choose from.
