Refinance playbooks

Six refinance playbooks: choosing between rate-and-term and cash-out, how seasoning and delayed financing work, the BRRRR refinance step by step, exiting hard money on time, what lenders ask about the use of proceeds, and the maths that says do not refinance at all.

6 LESSONS · 29 MIN · 0/6 DONE

1. 5.1

   1. Rate-and-term vs cash-out

   The two refinance types, the 80%/75% LTV split, and how to tell which one your goal actually calls for.

   5 MIN

2. 5.2

   2. Cash-out seasoning

   Seasoning tiers for a DSCR cash-out: cost basis under six months, appraised value at twelve, and what happens in between.

   4 MIN · REFERENCE PAGE

3. 5.3

   3. The BRRRR refinance

   Buy, rehab, rent, refinance: the timeline from closing on the bridge loan to closing on the DSCR takeout, and where files actually stall.

   5 MIN

4. 5.4

   4. Refinancing out of hard money

   The mechanics of paying off a bridge or hard-money note with a DSCR refinance: payoff letters, per-diem accrual, extension fees and the timing that avoids both.

   5 MIN

5. 5.5

   5. Use of proceeds

   What a business-purpose cash-out refinance asks about the use of proceeds, why it asks, and how to answer cleanly.

   5 MIN

6. 5.6

   6. When not to refinance

   The prepay math, the rate environment and the break-even period that tell you a refinance is a mistake before you apply for one.

   5 MIN