Investment Property
How to Refinance an Investment Property
Refinancing an investment property replaces existing debt with new financing — to lower the monthly payment, extend the term, pull cash out, or replace a bridge loan with permanent debt. DSCR lenders can refinance on the property’s income without personal income documentation.
Why investors refinance
- Reduce the monthly payment
- Replace a bridge or hard-money loan
- Pull equity to fund the next property
- Extend amortization for cash flow
What lenders want to see
Rent documentation, the property’s operating picture and clean title. On a DSCR refinance, personal income is generally not required.
Timing
Refinance after a project is stabilized and leased, when the income supports the new payment. Refinancing mid-renovation rarely performs well.
Frequently asked questions
Can I take cash out of a rental?
Yes — many DSCR products allow cash-out up to a set LTV.
Are tax returns needed?
DSCR refinances generally qualify on the property’s income.