Sometimes the house already works. You do not need a new first mortgage. You need cash, and you need the first-loan rate left alone.
This Dana Point second mortgage was $750,000 behind an existing loan on a $7 million home, documented with a profit-and-loss statement, closed in about three weeks. EIN Presswire carried the story.
When a second beats a cash-out refinance
If your first-mortgage rate is worth keeping, a standalone second or HELOC can cost less than refinancing the whole balance. Jackie runs both. Self-employed owners can still use a P&L or bank statements on the second lien.
Read the EIN Presswire story, then compare structures on the cash-out and second mortgage page, or call Jackie about a specific property in Dana Point.