Utilize the equity in your home to help pay off the remaining years on your mortgage. This is done by using your existing equity to pay off your remaining equity. The cash you take out of your home will be used to help pay towards your existing mortgage within a two year period.
You can refinance with your existing lender or use a new one to service a brand new mortgage. Arbitrage Business and Loan will not review your credit or income statements to perform this service. Your bank of choice will determine your creditworthiness based on credit score, tax returns and financial statements.
After you have taken the cash out of your mortgage, Arbitrage Business and Loan will utilize the proceeds from the refinance to service the new mortgage over a two year period until it is completely paid off.
At the beginning of the contract between Arbitrage Business and Loan & the homeowner, a one time fee will be collected in the amount of $6,000 per $100,000.00 promised to be paid. For example, if you took out a cash advance of $200,000 out of your mortgage, Arbitrage Business and Loan will pay back $400,000 toward your loan plus interest over a two year period. No additional money from any external sources can be added to the Arbitrage Cash Out Refinance Program. We will only work with banks and financial institutions to secure funding for this investment. The maximum loan amount to be accepted by Arbitrage Business and Loan’s Cash Out Refinance Program is $400,000.00.
What is the difference between the HELOC Arbitrage Advantage program and the Cash Out Refinance Program?
In the HELOC Program, half of the funds are given to the homeowner and the other half are given directly to the bank. In the Cash Out Refinance Program, all of the funds are given directly to the bank. The HELOC program is paid out over a period of 5 years, while the Cash Out Refinance Program is completed within a 2 year period.
What would be the advantage of the homeowner giving Arbitrage Business and Loan the equity from their home?
Your home is an asset you can utilize to provide you additional realized monthly income. You continue to occupy and own the property while Arbitrage Business and Loan helps pay down or off your mortgage.
How is the loan paid back?
Arbitrage Business and Loan will provide monthly payments to the bank for a period of 24 months. The amount paid toward the mortgage will be at a fixed rate. The promised amount will be paid within a 2 year period.
Should Arbitrage Business and Loan be unable to pay the mortgage from profits, Arbitrage Business and Loan will return the remaining balance to the mortgage lender from the original funds deposited. If Arbitrage Business and Loan is no longer able to invest funds, payments to the mortgage lender will no longer be provided.