Refinance Loans
Discover Savings and Financial Flexibility with Level Up Lending's Refinance Loans
Level Up Lending is your go-to destination for top-notch mortgage refinancing solutions, offering a range of options to cater to the unique needs of homeowners and real estate investors nationwide. Whether you’re looking to access cash from your property’s equity, reduce your monthly mortgage payments, or embark on property renovations, our comprehensive suite of refinancing solutions has you covered.
Unlocking Property Equity with Level Up Lending’s Cash Out Refinance Loans
At Level Up Lending, we understand the untapped potential within investment properties. Our Cash Out Refinance Loans are custom-designed for real estate investors, enabling them to harness their property’s equity for long-term financing at competitive interest rates. Whether you’re looking to fund repairs, repay debts, or invest in new opportunities, our Cash Out Refinance Loans can provide the financial flexibility you need.
What is a Cash Out Refinance Loan?
Our Cash Out Refinance Loan program allows borrowers to access cash from their property’s equity and use it as they see fit. Unlike traditional bank loans, these are NO-DOC programs, requiring no income verification during application. This term loan considers credit history, credit score, real estate experience, and liquid assets, all of which undergo thorough underwriting. It’s an ideal choice for self-employed individuals or those without regular income sources.
Why is a Cash Out Refinance Loan a Great Option for Real Estate Investors?
Cash Out Refinance Private Money Loans are tailor-made for real estate investors. They don’t demand income proof or tax documentation, ensuring swift approvals that align with the fast-paced nature of real estate investment. These loans can be used for various property types, including single-family, condos, multi-family, commercial, and more. Loan amounts range from $75K to $5M, with rates starting at competitive rates. Both fixed-rate and adjustable-rate options are available, and foreign nationals are eligible, making it an attractive choice for international investors. The application process is quick and straightforward, with minimal documentation compared to conventional loans. These non-qualified mortgage (NON-QM) loans are exclusive to direct private money and NON-QM lenders.
Level Up Lending's Cash Out Refinance Loan Features
- Interest Rate: Level Up Lending offers competitive interest rates, starting at 4.49%, to help you maximize your cash flow and financial flexibility.
- Loan Term: Our loan terms are designed with your long-term goals in mind. We offer a 30-year fixed-rate term, providing stability and predictability in your financial planning.
- Seasoning Requirement: To qualify for our cash-out refinance loans, we require a minimum seasoning of 6 months leased for your investment property. This ensures that your property has a rental history, contributing to a smoother loan approval process.
- DSCR (Debt Service Coverage Ratio): Level Up Lending sets a minimum DSCR of 1.1 to evaluate your property's cash flow and its ability to cover the mortgage payments. This requirement ensures a strong financial foundation for your investment.
- Max Loan to Value: You can access substantial funding for your investment property with Level Up Lending, as we offer a maximum Loan to Value (LTV) of up to 75%. This allows you to leverage your property's equity effectively for new investment opportunities.
- Property Type: Our cash-out refinance loans are available for both single-family homes and 2-4 unit multifamily properties, providing flexibility in your investment choices.
- Credit Score (FICO): We have a minimum credit score requirement of 680 to ensure that borrowers have a strong credit history and financial stability.
- No Income Verification: Our NO-DOC program requires no income verification during the application process, streamlining the approval process for self-employed individuals or those with irregular income sources.
Uncovering Savings with Rate & Term Refinance from Level Up Lending
Level Up Lending’s Rate and Term Refinance program is a shining example of our commitment to helping homeowners secure more favorable loan conditions. This strategic option allows you to adjust your mortgage’s interest rate and loan terms while keeping your principal balance unchanged. Whether you’re looking to reduce your monthly payments or pay off your mortgage faster, our Rate & Term Refinance can provide the financial flexibility you need.
What is Rate-and-Term Refinance?
Rate-and-Term Refinances empower homeowners to modify their mortgage rate, loan term, or both, resulting in improved financial stability. For instance, switching from a higher interest rate to a lower rate can lead to lower monthly payments and substantial long-term savings. Conversely, opting for a shorter loan term can reduce total interest paid and fast-track your journey to a mortgage-free future.
Level Up Lending's Rate & Term Refinance Highlights
- Loan Amounts: Our Rate & Term Refinance is available for Single-Family Residence (1-4 Units) and Multi-Family Units (5-24 Units) with no mixed-use.
- Loan Amount Limits: You can refinance up to $4 million for Single-Family Residence (1-4 Units) and up to $7.5 million for Multi-Family Units (5-24 Units).
- Flexible Payment Options: Enjoy a 12-month interest-only option with no prepayment penalties.
- Faster Closing: Benefit from Non-TRID compliance for faster closing.
- Rehab Financing: Explore rehab options and experience prompt processing of rehab requests.
- Cash-Out Option: Cash-out up to 70% Loan-to-Value (LTV).
- Financing Solutions: Financing solutions available up to 75% LTV, 65% After Repair Value (ARV), and 85% Loan-to-Cost (LTC).
Enhance Your Property's Value with Level Up Lending's Rehab Financing
Level Up Lending offers comprehensive rehab financing solutions designed to transform your property into a valuable asset. Whether you’re a real estate investor looking to renovate and improve your investment or a homeowner wanting to enhance your living space, our Rehab Financing options provide the financial support you need to bring your vision to life.
Features of Level Up Lending's Rehab Refinancing
Our Rehab Financing program is tailored to meet the specific needs of property owners and investors seeking to revitalize their properties. Here’s why it’s an excellent choice:
- Prompt Processing: We understand the urgency of renovation projects. Our team ensures quick and efficient processing of rehab requests, so you can start enhancing your property without unnecessary delays.
- Access to Additional Funds: With our Cash-Out Option, you can access up to 70% Loan-to-Value (LTV) of your property's value to fund renovation costs, allowing you to take on more extensive projects.
- Flexible Financing Solutions: We offer financing solutions up to 75% LTV, 65% After Repair Value (ARV), and 85% Loan-to-Cost (LTC), providing the flexibility needed to cover various aspects of your renovation.
- Value Enhancement: Whether you're flipping properties or improving your primary residence, our Rehab Financing helps enhance your property's value, potentially leading to higher resale values or improved living conditions.
- Professional Guidance: Our team of experts is available to provide guidance and support throughout your rehab project, ensuring a smooth and successful renovation process.
Transform your property and boost its value with Level Up Lending’s Rehab Financing. To learn more or get started, contact us.
Why Choose Level Up Lending for Your Refinance Needs?
Level Up Lending offers numerous advantages to homeowners and real estate investors looking to refinance their mortgages. Whether you’re interested in accessing cash from your property’s equity (Cash Out Refinance), enhancing your property’s value through rehab financing (Rehab Financing), or adjusting your mortgage rate and terms (Rate & Term Refinance), our team is dedicated to providing tailored solutions that suit your specific financial goals.
Our commitment to excellence in refinancing includes:
Competitive Rates
We offer competitive interest rates, ensuring that you can maximize your cash flow, reduce your monthly payments, or achieve your financial flexibility goals, depending on your refinance choice.
Loan Term Flexibility
Our loan terms are designed with your long-term goals in mind. Whether you're interested in a 30-year fixed-rate term or other options, we provide stability and predictability in your financial planning.
Quick and Efficient Process
Level Up Lending ensures a smooth and efficient application-to-approval process. We understand the importance of timely financing for your investment projects or homeownership needs.
Flexible Options
Our refinancing options cater to various needs, including accessing cash, lowering monthly payments, reducing total interest paid, and more. We provide both Cash Out Refinance and Rate & Term Refinance to address a wide range of financial scenarios.
Minimal Documentation
We streamline the approval process with minimal documentation compared to conventional loans. This makes the application process hassle-free, especially for self-employed individuals or those with irregular income sources.
Diverse Property Types
Our refinancing options are available for different property types, including single-family homes and 2-4 unit multifamily properties, offering flexibility in your investment choices.
Strong Financial Foundation
For Cash Out Refinance, we assess your property's cash flow and its ability to cover the mortgage payments, ensuring a strong financial foundation for your investment. For Rate & Term Refinance, we offer various payment options to fit your budget.
Credit Score Flexibility
We have minimum credit score requirements to ensure borrowers have a strong credit history and financial stability, making our refinancing solutions accessible to a broad range of borrowers.
Responsive Support
Our expert team at Level Up Lending is always available to address your queries and concerns. We guide you through every step of the refinancing process, ensuring a seamless transition to your chosen refinancing option.
Ready to Explore Your Refinancing Options with Level Up Lending?
At Level Up Lending, your success is our priority. Our team boasts extensive experience in Cash Out Refinance Loans, Rehab Refinancing, and Rate & Term Refinance Lending, ensuring a smooth application-to-approval process. Whether you’re looking to access cash from your property’s equity, increase your property’s value, or reduce your monthly mortgage payments, we’re here to assist you at every step.
To learn more or to speak with one of our Loan Officers, you can reach us at:
- Call: (848) 249-5626
- Email: [email protected]
- Or apply for loan pre-qualification today!