Three Things Come Between You and Refinance Investment Opportunities

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When considering a refinance, keep in mind there are jumbo loan limits in California. Loan limits can go as high as $801,950 for a four-unit property.


Also, remember, when applying for a mortgage application, there are many factors than can get you denied. So, while you want to take advantage of refinance investment opportunities, you’ll want to make sure your credit is in tip-top shape, you have a strong employment history, and can make a good-size down payment.

 refinancing property


When looking into refinance investment opportunities, you need to have excellent credit! Without a good score, you wont be able to get a pre approved mortgage for even a conventional loan, leaving you with only sub-prime options. Youll end up paying more due to higher interest rates.


Know your credit score before  applying for a pre approved mortgage months ahead so you have time to fix any problems on your report. A few months can make a big difference if your score is low.


Pay down credit card balances before applying for a loan so your credit report will show you have low debt-to-limit ratios. This accounts for about 30 percent of your credit score. Be on time paying all your other bills and don’t open any new credit.


Once you fix your credit score, you might be wondering how long does pre approval take? Our process allows you to get a pre approval letter in a matter of minutes. Usually, the process takes up to 48 hours.


You also might be wondering  how long does pre approval take with jumbo loan limits in California? Again, at EZ Online Mortgage, we’re very fast at getting you a pre approved mortgage. 



When considering refinance investment opportunities, a strong employment history is important in showing stability and proves you have the cash to repay the loan. Most lenders want to see that you’ve been at a job for at least two years and in the same field. You also can’t change jobs before closing. If you do or you lose your job, most likely, your loan will be denied. You will have to show proof of employment at closing.


Down Payment

Saving for a hefty down payment for a new home or for an investment property is always a good idea since you are not as much of a risk to the lender. It also gives instant equity to the home and proves financial responsibility. As far as how long does pre approval take, it’ll be even a faster process if you can prove you have a sizable down payment and good credit.


Whether it’s jumbo loan limits in California or other factors such as credit score, employment or down payment, don’t let any of these things deter you from refinancing investment opportunities. At EZ Online Mortgage, we’re here to help and answer all of your questions!

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Looking for mortgage loans California? EZ Online Mortgage has you covered. For ideal rates, exemplary customer service, and more, contact one of EZ Online Mortgage’s brokers today.


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