Buying a home with cash gives you a lot of freedom — but it also means your money is tied up in your property. This program allows cash buyers to refinance and access a portion of what they invested, without selling the home. Eligibility depends on things like how long you’ve owned the home and whether you’re paying off an existing mortgage on it, and your loan officer can walk you through exactly where you stand.
This program is built specifically for buyers who purchased with cash and want flexibility without giving up the home they bought.
Every homeowner’s situation is different; the best next step is a conversation with a loan officer who can look at your specific timeline and goals.
No. This program lets you refinance your home to access a portion of your investment while keeping the home.
There’s typically a minimum ownership period before you qualify, though exceptions can apply. A loan officer can confirm your specific timeline.
Yes, this program is available for both primary residences and investment properties, though the details differ. Your loan officer can walk you through both.
Homeowners commonly use it for debt consolidation, home improvements, or reinvesting in another property, though how you use it is entirely up to you.
Every homeowner’s situation is different. Talk to a MegaStar loan officer to see what this could look like for you.
If you have questions or need assistance with your 1098 form, please send your question to servicing@megastarfinancial.com
Publisher: HomeLight
Article: Is It Too Low? What Is Reasonable to Offer Below Asking Price
Link: https://tinyurl.com/2jp6kbmh
