Many borrowers have seen strong equity growth on their non-owner properties. Newfi’s Sequoia Portfolio Plus is a great program for borrowers to take a cash-out refi to get equity out of investment properties.
Cash-out refis go up to 80% LTV on full doc with 680 credit; up to 75% with 660 credit. A bank statement option is also available with LTVs to 75% at 680 credit, 70% at 660.
This product line is extremely flexible, and features DTI options to 50%. With current equity positions possibly at their peak, now is a great time for borrowers to consider this program.
Since the Sequoia loans are Newfi products, we control all underwriting and make all credit decisions and exceptions, providing flexible qualification and faster approvals. No investor approval required!