Colorado Springs Rental Property Refinance
Buying good assets is a great way to build wealth and set up different income streams. These assets also build up equity over time, which allows you to raise substantial capital while using them as collateral. Colorado Springs rental property refinance can help you make more investments and expand the portfolio further. At Abbey Mortgage & Investments, we offer customized refinancing options based on the client’s requirements and goals.
What is Rental Property Refinance?
If you have a property that has some equity or doesn’t have any loans attached to it, you can get a loan against its value. For example, if the property is worth $1 million and has equity of around $550,000, you can refinance and get a loan of that’s nearly equal to that equity.
Refinancing is a great way to get liquid capital for future investments. Savvy real estate investors will refinance one or more of their properties to keep acquiring profitable assets, which can lead to wealth generation.
Why Choose Private Lenders for Refinance?
Most people approach banks or credit unions for this purpose, but they have a long application process that’s unsuitable for the real estate industry. Most applications can take anywhere between 3 and 6 months. Profitable rental properties rarely stay on the market for that long. Our Colorado Springs rental property refinance products offer several advantages like:
- Streamlined underwriting process
- Quick approval in 5 to 10 days
- Fewer documents
- Higher loan approval rates
- Attractive interest rates
- A short list of loan requirements
We also provide unbiased and straightforward advice on your investment strategy so you can make informed decisions.
If you’re looking for some expert advice or need Colorado Springs rental property refinance, we at Abbey Mortgage & Investments can help. Contact us today to get a customized plan for your requirements.
