Mortgage Refinancing

If you have a mortgage that has a high interest rate, it may benefit you to do a refinance. Refinancing means that you get a new mortgage with a different lender that replaces your existing mortgage. Refinancing can also be done to take cash out of your home or change the terms of your mortgage, for example in the case of divorce, inheritance, or buying out partners in a real estate project.

We can help you get the refinancing you need, even if you are self-employed.

Basic refinancing information for business owners & self-employed professionals

Different mortgage programs have different qualification requirements. As a general guideline, in order to qualify for a refinance as a self-employed borrower, you will need:

• a home equity of at least 20%

• a credit score of 660 or more

• a debt-to-income ratio of 43% or less (this is the ratio between your monthly income and your monthly debt servicing payments)

• at least four months worth of your full mortgage payment as a reserve in your bank account

If you would like to get more information and find out if you could qualify for a refinance (without any impact to your credit report), call us today at 310-294-9417, and we will let you know where you stand.

Our mortgage features

Depending on your needs, we can provide mortgages with:

• No W2s needed

• No tax returns needed

• Loan amount up to $7M—may be higher on a case by case basis

• Bank statements only loans

• Asset-based loans

• Interest-only loans to improve your cash flow

• No prepayment penalty

• Loan programs catering to investment properties for foreign nationals

• Flexible loan modules; our loan programs often consist of different modules, each of which can be uniquely tailored to your goals

When to do a refinance

Refinancing is often done when general interest rates in the market have gone down, allowing you to swap out your current mortgage for a new mortgage with a better rate. It can also be done because you want to take cash out of your property, or because you want to improve your cash flow by lowering your mortgage payments. A refinance may also be necessary in the case of inheritance, divorce, or buying out partners in a real estate project.

There are many options available, and we can let you know about these during a Free Brainstorming consultation.

Knowledge & experience

Alejandro Szita has been solving out-of-the-box real estate problems since 2006. He enjoys challenges and uses a network of 15 different speciality lenders to get his clients the loans they need.

Thanks to his knowledge and experience, he is quickly able to ascertain the benefits and disadvantages of doing a refinance in specific situations, and he will give helpful advice on how different options could play out for you in the short and long term.

“Alejandro came highly recommended by a friend, and he did not disappoint. I recommend Alejandro to anyone who needs an honest, dependable mortgage broker.”

— Nolan, Client