Loan nearing maturity
Upcoming maturity and time to compare offers.
Value minus debt gives the net amount.
The partner broker calculates repayment of the current loans before comparing new terms.
Book a callProject types
Funds for another project
Available equity for an acquisition or renovations.
Debt consolidation
Several debts combined into one loan.
After renovations or higher income
Updated value and income after renovations.
Partner buyout
Ownership buyout without selling the property.
What lenders review
Current debt
The lender reviews the balance, rate, maturity and applicable penalties.
Value and income
The accepted value and net income determine how much can be refinanced.
Funds available
Existing debt, penalties, fees and reserves are deducted from the new loan.
Purpose of refinancing
Renovations, acquisitions, consolidation or buyouts require a clear use of funds.
What gives a lender pause
Unconfirmed value
The owner’s estimate may differ from the value accepted by the lender.
Payout costs
The penalty, discharge and other fees reduce the funds available.
Higher payments
More debt or a higher rate increases the payments.
Incomplete use of funds
The lender needs the requested amount and a clear use of funds.
What sets the terms
Amount calculation
Value and payment capacity both limit the amount.
Funds available
Debt, penalties, fees and reserves are deducted.
Term
The term must fit the expected hold and next maturity.
Rate
The lender sets the rate based on risk, amount and collateral.
Request steps
- Collect balances and penalties
- Update income and expenses
- Confirm the property value
- Calculate the funds actually available
- Compare the offers received
- Prepare repayment of current loans
What to prepare
- Loan balances and current payout terms
- Current income and expense statements
- Leases, rent roll and occupancy
- Recent appraisal or available value evidence
- Borrower financial statements and net worth
- Detailed use of the requested funds
Loan types
| Loan type | When this loan type may apply |
|---|---|
| Conventional refinancing | A new loan based on current income, value and property history. |
| Refinancing with available funds | The new loan repays current debt and leaves funds available. |
| Debt consolidation | Several debts are combined under real-estate collateral and one payment schedule. |
| Temporary loan before refinancing | A short-term loan before renovations, a sale or refinancing. |
Preparing a request, step by step
All guides
Refinancing to access equity
Value, current debt, available amount and use of funds.
Prepayment penalty
How it is calculated and when paying it makes sense.
The right time to renew
Renewal window, preparation and room to negotiate.
Consolidating several properties
Combining loans: terms, security and effects on flexibility.
Refinancing after major work
Invoices, new value, revised rents and waiting period.
Fixed or variable at renewal
What each costs, and what each means for your payments.
Common questions
When should refinancing begin?+
Start before maturity to obtain documents, an appraisal and several offers.
How much equity can be released?+
The lender considers value, net income, current debt and costs.
Does a penalty prevent refinancing?+
Not necessarily. Compare it with savings, available funds and the cost of waiting.
Which income will the lender use?+
The lender reviews leases, expenses and income history.
Can private debt be consolidated?+
Yes, when value, mortgage positions and income support the new loan.
Is a new appraisal required?+
The lender may require one to confirm the value used.
Book a call about your refinancing.
Balances, income, estimated value and intended use of funds.
Book a call