At COST Fund, we work with individuals who wish to acquire residential investment properties in Denver. There are a number of ways to go about this, and depending on your current financial state, one method may be more beneficial than another. If you’re currently in possession of a Denver property that has an abundance of home equity, you may be a candidate for a cash out refinance – or cash out refi for short. A cash out loan is a way to refinance your mortgage for more than you owe so you can take out the difference in spendable cash.
We pride ourselves on processing cash out loans quickly and reliably. You’ll have the opportunity to sit down face-to-face with the loan providers at our Denver company so you can get a feel for how we operate and gain the trust that we’ll meet your funding needs. Our team will walk you through the cash out refinance process until there are no questions left unanswered. We’ll work together to come up with an interest rate on your cash out refi that is fair and competitive.
Your current Denver home may have value that isn’t being put to use. Say you’ve been making mortgage payments for several years, and the value of your house has risen over those several years. Chances are the value of your home outweighs the remaining balance you owe. A cash out refinance allows you to free up some of the cash that your Denver home is worth and turn it into spendable money that you can use for other purposes. Often, people use their cash to invest in other properties, pay for college tuition, buy a new car, start a business venture, among several other purposes.
We strive to come up with the best solution for our customers. If you have an investment idea and an excess amount of home equity, reach out to our team for a quick and easy cash out refi. We don’t try to profit off you, but rather grow with your Denver investment. You’ll find that the application process at COST Fund is more convenient than most other loan providers in Denver. All underwriting, documentation, and signing is done in house, so you don’t have to worry about any deals being made behind closed doors.
When you need the money to close your real estate deal, but don’t want to wait for credit from a slow-processing bank, turn to COST Fund. Our fast and easy qualification takes days instead of months to get you approved. We’ve provided hard money and private mortgage loans, specializing in short-term residential money lending for the Greater Denver Metro for over 5 years, with more than 600 acquisitions already processed. Apply today to get your loan started!