No Ratio Cash-Out Refinance: Unlocking Investment Potential in Miami Beach

no ratio cash-out

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 […]

90% LTV to Acquire Second Home in Washington, D.C.

On behalf of a self-employed Miami Beach, Florida resident, we obtained a purchase loan for him to acquire a second home in Washington, DC.  His loan terms included 90% loan-to-value (LTV) and a fixed interest rate of 3.875% for 30 years.

Cash-Out Refinance for Australian Foreign National

On behalf of a foreign national (a Canadian living in Australia) we obtained a cash-out refinance on one of his U.S. rental investment properties, a condominium in Las Vegas, Nevada.  We used a no-document program to get him approved, meaning he did not need to provide any tax returns, paystubs or other income documents. The […]

Cash-Out Refinance for Arizona Rental Investment Properties

On behalf of a New Jersey resident, we obtained cash-out refinancing for two of his rental investment properties in Arizona.   For one of the Arizona properties, his terms included 75% loan-to-value (LTV) and a 5/1 adjustable-rate mortgage (ARM) over a 30-year term with the interest rate fixed at 7.125% for the first 5 years and […]

Purchase Loan Conditionally Approved in Only 6 Hours from Submission

On behalf of a first-time homebuyer, we obtained a conventional, 30-year fixed-rate purchase loan for his new home in Miami Shores, Florida. He had already obtained a preapproval letter from another lender, but we were able to provide him with better terms.  We gave him 95% loan-to-value at a 3.75% fixed interest rate over 30 […]

Investment Loan for 4-Plex in Miami Beach

On behalf of our client, we obtained a $570,000 investment loan for him to purchase a quadruplex (4-unit) residential building in Miami Beach, Florida.  The terms of the mortgage included 75% loan-to-value at a 5.75% fixed interest rate for 30 years. (He qualified for 80% loan-to-value, but he chose the lower loan-to-value to get a lower […]

VA Loan for Army Veteran

On behalf of our client, an Army veteran, we obtained a U.S. Department of Veterans Affairs loan (VA loan) for his purchase of a new home in Fort Lauderdale, Florida.  The terms of his mortgage included 100% loan-to-value at a 3.5% fixed interest rate for 30 years.  Despite the intervening holidays and issues with the […]

Cash-Out Refinance of Marital Home for Divorce

On behalf of our client, who was going through a divorce, we refinanced her marital home to remove the ex-husband’s interest and place it 100% in her name.  To give her extra savings, we strategically monitored interest rates and locked her in at a 4.25% fixed interest rate when rates took a dip.  Her new mortgage […]

Global Investors Rejoice: Rental Portfolio Loans Designed for Foreign Nationals

rental portfolio loans

Rental Portfolio Loans: An Ideal Solution for Expanding and Refinancing Rental Properties Rental portfolio loans are a niche loan product designed for experienced investors. Our Canadian clients, a husband and wife foreign national couple, sought our help to secure a $565,000 rental portfolio loan for their diverse portfolio of rental properties located in various Florida […]

Home Equity Conversion Mortgage (Reverse Mortgage) for 89-year-old Florida resident

On behalf of a family where the mother (89 years old) is suffering from dementia due to Alzheimer’s disease, we obtained an adjustable-rate Home Equity Conversion Mortgage (HECM) — also known as a reverse mortgage — on the mother’s home in Broward County, Florida.  One of the challenges was satisfying all the legal hurdles associated […]