Cashout Refinance Calculator

Access Your Appreciation

Investor Cashout & DSCR Calculator

Investment Cashout & DSCR Calculator

Loan Scenario
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Property Performance
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Gross Cash Out to Borrower: $0.00
New Loan-to-Value (LTV): 0%
New Monthly Payment (P&I): $0.00
Total Monthly PITIA: $0.00
Net Operating Income (Annual): $0.00
Est. Monthly Cash Flow: $0.00
DSCR Ratio: 0.00
DSCR > 1.25 (Strong)
DSCR 1.0 - 1.24 (Moderate)
DSCR < 1.0 (Negative)

What documents do I need?

DSCR Loans Only Need the Following

Entity documents (see list of Entity Documents below)

Schedule of REO

Property documents (see list of Property Documents below)

2 months bank statements - show downpayment and any reserves

Copy of lease & rent rolls (if vacant, use market rents)

Personal & Business Financial Statements

Including YTD Profit & Loss Statement and Balance Sheet

Business Bank Statements

2 most recent consecutive bank statements for all accounts. If you are doing a Bank Statement Loan, then we need most recent 12 or 24 months of Business Bank Statements and Personal Bank Statements.

Personal & Business Tax Returns

2 to 3 years for each guarantor plus 2 to 3 years for the entity, all schedules

Entity Documents

Articles of Incorporation/Organization

Operating or Partnership Agreement

EIN letter from IRS

Certificate of Good Standing

Schedule of Real Estate Owned

all real estate owned by entity and guarantors

Property Documents

Purchase Contract

Rent Roll

Operating Statements (last 24 months)

Environment Report

Property Condition Report (if required)

Survey

Call Kelly

Contact Us

Kelly Fest

NMLS # 202374

[email protected]

972-854-3270

NEXA Mortgage LLC

https://nexamortgage.com

NMLS #1660690

AZMB #0944059

Corporate Office

5559 S Sossaman Rd

Bldg # 1 Ste # 101

Mesa, AZ 85212

NvEXA Mored.

All Rights Reserved. NEXA Mortgage, LLC NMLS# 1660690, Kelly Fest NMLS# 202374 | CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIALMORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.
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