A cash-out refinance allows you to replace your current mortgage with a new, larger loan, giving you the difference in a lump sum of cash to use as a down payment on an investment property.
: You typically must leave at least 20% equity in your home. Most lenders allow a maximum Loan-to-Value (LTV) ratio of 80% . cash out refinance to buy investment property
: Your DTI ratio should generally not exceed 43% to 45% . A cash-out refinance allows you to replace your