Refinance Mortgage Options
Refinance Your Mortgage On Your Terms
Unlock portfolio equity with Mbanc Refinance Mortgage Options from unlimited cash out options to closed end second mortgages
MBANC’s
97% Pull-Through Rate
What is a “pull-through rate?” This is another way of saying that our word means something.
When we tell you (or a realtor) that you are pre-approved for a loan, it means you are, in fact, pre-approved for a loan.
Unlike other lenders, we won’t jeopardize your property deal or frustrate your realtor with meaningless pre-approval letters based on an online form.
We do a thorough investigation of all the information you provide us. 97% of our official pre-approvals move on to full mortgage underwriting approval. (The other 3% are usually borrowers who change their mind about the property).
Our excellent results demonstrate our unwavering dedication to clients like you.
Refinance Mortgage Options to Fit Any Scenario
Real estate refinancing is a excellent resource to lower monthly costs, pay off debts, capitalize on an investment, or simply acquire cash on hand. Mbanc has mortgage options suited for any financial scenario.
- Unlimited Cash Out Up to $3 Million
- Low Competitive Rates For Any Borrower
- Closed End Second Mortgage
- Agility Advantage Approval Guarantee
- No Tax Returns, W-2's, or Pay Stubs Required
- Owner Occupied, Second Home, and Investment Properties
- Qualify Using Bank Statements, Rental Income, 1099 and More.
- Interest only options available on 30 & 40 year terms
What is a DSCR Investment Rental Jumbo Mortgage?
There are no income requirements for a DSCR mortgage. Unlike conventional loans that hinge on your personal income and debt, a DSCR loan evaluates your property’s projected rental income as the primary qualifying factor.
DSCR stands for debt service coverage ratio. For example, if the ratio required is 1.25, it means the property must produce 25% net positive cash flow after all expenses have been deducted.
Whether you’re a prospective property owner, a real estate investor, or an entrepreneur seeking to tap into the real estate market, this innovative loan option grants you unprecedented flexibility and seamless financing.
Mbanc was able to finance a property purchase for us with a slightly unorthodox loan on an unusual property which was outside the boundaries of what they usually do. Along the way there were a few times it seemed like it would snag, but each time Alvin worked tirelessly to find a way to get the deal through. He and Helmut could see the value of the property and believed in it but it took a lot of creativity to finally close.
Jules G.
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Aside from great mortgage programs, at mbanc, you’ll find enthusiastic and knowledgeable experts ready to offer you premier service.
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A dedicated Mbanc loan professional will help you explore our flexible rental mortgages. We offer unparalleled concierge service and market insights for property investors.
Frequently Asked Questions
Contact us for a complimentary quote on our competitive rates to discover your potential qualification amount.
What is a Cash Out Refinance?
A cash-out refinance is a mortgage refinancing option where you borrow more than your current mortgage balance, and the excess funds are given to you in cash. Essentially, it allows you to convert some of your home equity into cash.
What is a Closed End Second Mortgage?
When Can I Refinance a Mortgage?
Mbanc allows refinancing within as little as 6 months of the closed date, offering a flexible option for homeowners seeking to refinance early.
How does obtaining a closed-end second mortgage affect the low interest rate on my first mortgage?
Generally, a closed-end second mortgage does not directly impact the interest rate on your first mortgage. The interest rates on the two mortgages are typically independent of each other.
How much does it generally cost to refinance a mortgage?
Refinancing costs vary, but they typically range from 2% to 5% of the loan amount. This can include application fees, appraisal costs, title insurance, origination fees, and other closing costs.
What are the rates for a Mortgage Refinance ?
Your exact mortgage rate depends on many factors: income calculation method, your down payment/equity position, credit score, loan term, income, and debt. Contact us to get a free quote on our competitive self-employed mortgage rates and learn how much you could qualify for!