In order to finance your rental property, you might automatically consider a traditional mortgage. However, there’s another banking product that banks love to offer—cash out refinances. Particularly on a rental property, banks are apt to approve these loans.
In today’s video, I’ll discuss why it’s easy to qualify for a cash out refinance on a rental property. I’ll share the three major reasons why banks love to work with investors on cash out refinances.
You’ll learn about why cash flow matters to banks, and the importance of having skin in the game. I’ll share why most banks, particularly local banks, would love to work with you on a cash out refinance.
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