When you are looking to invest in real estate, Anytime Finance has a financing solution for you. If you own a home and are planning a new build construction as an investment, we can help you use your existing equity to pay the costs of construction. In fact, we can help you get fast cash out of your home with the equity you have gained in order to build brand new houses and sell them for profit. In fact, we are committed to helping you refinance with the lowest rates and fees in the industry. Our expert loan originators at Anytime Finance help seasoned investors to clearly see the differences and easily compare applicable loan programs to choose the best one for their real estate investment business ventures. Anytime Finance can help you choose a second mortgage, home equity loan, home equity line of credit (HELOC) or other refinance product that matches your goals and makes sure you get the best rate for your given scenario. When the new construction build is complete, the sale of it pays off the balance of the loan.

Flipping houses can be profitable. To begin, you will need some cash to finance your home renovation project. If you have equity built up in your existing home, you can use that equity to fund a house flip. A home equity loan is basically a second mortgage where the loan is repaid over a fixed term, most often with a fixed interest rate. You can usually borrow up to 85% of your home’s value; however, the exact amount of money you can borrow will depend on factors such as your income, credit history, and how much your home is worth. A second way you can use the equity in your home to finance flipping a house is via a home equity line of credit (HELOC). A HELOC is a revolving line of credit that is also secured by your home. While it does resemble a second mortgage, it actually functions much like a credit card. HELOC’s usually have a variable rate, but you can draw against your credit line whenever you need more funds. There are many benefits to HELOCs such as having typically lower interest rates compared to hard money loans and offering financial flexibility. In addition, your interest payments may even be tax deductible. Similar to a home equity loan, you may be able to borrow up to 85% of your home’s value.