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Remind Your Clients To Use Their Equity Through a Cash-Out Refi

Make note to send a note to your clients explaining the benefits of a cash-out refinance. It is a great way for people to move ahead with home renovations or fund tuition that will be due soon. Many forget they have cash reserves within their own home investment – equity that has grown through the years.

It is also a great way for you to use non-QM to keep your cash-out pipeline full. In case you weren’t aware, our non-QM products include refinance options. This means self-employed, Jumbo borrowers, real estate investors, or people with credit events can qualify if they fall outside of Agency guidelines.

Move the needle with cash-out refi closings!

​​Cash Out Refinance Guidelines:

  • Up to 80% LTV with 700 credit score or up to 75% LTV with 660 credit score
  • Loans up to $3 million
  • Full doc (Platinum and Portfolio Select)
  • Bank Statement (business or personal account)
  • No Income Investor Cash Flow (ICF) for investment properties – up to 75% with a 700 credit score
  • Cash in hand $500,000
  • Owner occupied, 2nd home, or investment properties

(These are Angel Oak guidelines, some states have different limitations.
Please discuss your state’s specific guidelines with your account executive.)