Refinance Investment Loans | Your Finance Adviser
Whether you believe it or not, it’s natural that you keep yourself attuned for an efficient home loan option, even after if you have already taken the best option with you. Refinancing is one of the easiest ways to get your new loan lender to settle the outstanding with your existing lender. Furthermore, refinancing a home loan is not a casual or impulsive decision. It has to be carefully managed.

What documents are required to refinance?

The following list of documents are required to refinance application process:

  • Verifies that you have current and sufficient coverage on your home.
  • It is necessary for loan applicants to verify all your past employment and income history.
  • Statements for savings, checking and 401(k) accounts, and investment records for mutual funds or stocks.
  • You should have a copy of title insurance, which helps your mortgage lender verify taxes, names on the title and legal description of the property.

How Soon Can I Refinance?

Deciding to refinance your home based on a number of factors: Do you have enough equity built up in your home? Are interest rates lower now than they were when you first got your home loan? Do you plan to stay in your home for many years? Does your current lender have a prepayment penalty?

Connect with us today

Why opt for Refinance Investment?

Everybody knows that investing in a property market is the most advantageous investments rather than other markets.

Pros and Cons of Refinancing an Investment Property

  • Refinancing an investment property will increase the cash flow in the short term.
  • The investment property refinance rates are lower when doing a cash-out.
  • You can use the equity in your rental property to purchase more properties.

There are advantages of a mortgage refinance, but there are drawbacks as well

  • The biggest disadvantage of refinancing is high cost.
  • If you are in a hurry to refinance, remember that you may have to pay a prepayment penalty to the existing lender.
  • The refinancing process may not be as simple and convenient as you imagine it to be, even if you are dealing with your current lender.

The risks of refinancing to invest in a property

  • If the property diminishes in value, it may be quite uneasy to build up further equity and you may be in a worse financial position.
  • If there is limited price growth in the area or there is not enough demand for property, then you may not receive a substantial rental income to cover your repayments.
  • Switching lenders and refinancing your mortgage can be an expensive process.

Are you ready to refinance your loan?

If you’re thinking to refinance your loan you can call us on given no. to talk to our expert advisers or visit us online.

why Switch to Your Finance Advisor?

Choice

Choice of over 30 lenders, over 1,000 different loan products

Convenience

We come to you, at a time and place most convenient to you and your family

Care

We’re there for you, not just for now, not just for this loan, but for your lifelong lending needs

Complementary

Our services are complimentary and obligation-free

We Work For You Not The Banks

If it’s not in your Best Interest, we won’t recommend it!

Speed

Our Team of Professionals guarantee that your calls and emails take priority over everything else. We will get back to you same day, 7 days a week!