Refinancing: Cash out

Challenges & Solutions

Cash out is typically more challenge during refinance due to

Cash out amount
DTI qualification
Credit score requirement.

Further more, if you cash out. from 300k to be 600k loan amount, traditionally considered high balance cash out, very high rate.

GMCC has the solution to offer similar rate as if no cash out. Using our unique JUMBO programs (lowest 200k up to 25 million). Special cash out features offered by GMCC, "unlimited" cash out amount, up to 50-65 LTV, subject to underwriting approval. Max cash out up to 80% LTV even for investment property, lowest FICO can be 680. DTI can be up to 49.9% (55 to 60% for non QM)

Upcoming events

Special home refinancing seminars. RSVP to info@gmccloan.com with topic choice in subject.

True Stories

In June 2019, GMCC helped one customer cash out 3 M, from 1.5 M to 4.5 M, using lite doc. House value was only 7 M, it was done by exception,and funded before July 4th.

Deals

If any questions, please email to info@gmccloan.com to request 1 to 1 personal consultation

Big News

More cash out program coming up.

FAQs

If any questions, please email to info@gmccloan.com to request 1 to 1 personal consultation

For Licensed Professionals Only; Not for Consumers

General Mortgage Capital Corporation and eMeta Funding are licensed in the following state: Alabama – 23260, Arizona – NMLS: 1026178, Arkansas – 129989, California CFL – NMLS: 60DBO-66060, California DRE – NMLS: 01509029, Colorado – NMLS: 254895, Connecticut – NMLS: 254895, Delaware – NMLS: 038061, Florida – NMLS: MLD2191, Georgia – NMLS – 254895, Hawaii – NMLS: HI-254895, Idaho- NMLS: MBL-2080254895, Illinois – NMLS: MB.6761662, Indiana – NMLS: None, Iowa – NMLS: 2022-0038, Kansas- NMLS: MC.0025844, Kentucky – NMLS: MC782027, Louisiana – NMLS: 254895, Maine- NMLS: 254895, Maryland – NMLS: 254895, Massachusetts – NMLS: MC254895, Michigan – NMLS: FR0024243, Minnesota – NMLS: MO-MN-254895, Mississippi – NMLS:254895, Missouri – NMLS: 254895, Montana – NMLS: 254895, Nebraska – NMLS: 254895, Nevada – NMLS: 5419, New Hampshire – NMLS: 24850-MB, New Jersey – NMLS: 254895, New Mexico: NMLS – 254895, New York - NMLS: LMB 110903, North Carolina – NMLS: L-208502, North Dakota - NMLS: MB104140, Ohio – NMLS: RM.804881.000, Oklahoma – NMLS: ML014608, Oregon – NMLS: 254895, Pennsylvania – NMLS: 96566, Rhode Island – NMLS: None, South Carolina – NMLS: 254895, South Dakota - NMLS: 254895.ML, Tennessee – NMLS: 254895, Texas – NMLS: 254895, Utah – NMLS: 12679832, Vermont – NMLS: LL-254895, Virginia – NMLS: MC-7314, Washington – NMLS: CL - 254895, Washington DC – NMLS: MLB254895, West Virginia – 254895, Wisconsin – NMLS: 254895BA, Wyoming – NMLS: 4763.

Texas: Any consumer complaints please click below: https://www.sml.texas.gov/wp-content/uploads/2021/07/rmlo_81_200_c_recovery_fund_notice.pdf

Licensed Mortgage Banker-NYS Department of Financial Services

INFO@GMCCLOAN.COM For Licensed Professionals only