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Refinancing

Refinancing

Whether you want to lower your payment or get cash out, refinance is for you! Tap into and leverage the equity of your residential investment property to fund and acquire your next investment. You can leverage a cross-collateralization loan by combining equity from multiple properties to help with your next project.

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1 YEAR

STARTING RATE 6.99%

NO PREPAYMENT PENALTY
This is a great program for investors that want to refinance and stabilize a property with newly completed renovation or construction while you secure your exit.

2 YEAR

STARTING RATE 6.99%

PREPAYMENT: 6 MONTHS
A two-year term gives you the flexibility to complete your fix and flip project, stabilize for long term hold, or to give you time to qualify for a conforming loan down the road.

WHAT MAKES THIS A GREAT PROGRAM?

  • No prepayment penalty on 1 year term
  • Construction must be at least 90% complete. NO land loans
  • Foundation, framing, electrical, and plumbing must be 100% complete
  • Up to 80% LTV loan as-is value
  • Interest-only payments
  • Stated-income only
  • No minimum DSCR requirement on 1-year term

Let Countrywide Funding partner with you refinance your construction loan and recapitalize on equity and construction costs so you can start your next project. Investors like you can utilize the loan to complete any final work to prepare the property for sale or stabilize the property for long term hold. This enables you to move on to your next project more quickly rather than waiting to access your funds until the property sells.