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Posted by Hannah Lapin ● Nov 5, 2019, 9:00:00 AM

3 Common Use Cases for Visio Loan Products

3 Visio Loan Product Use Cases

At Visio Lending, we tailor our loan products to meet the needs of our investor clients. In our blog post, “3 Visio Investor Strategies,”  we dive into the three main strategies that we see investors use our loan products for: permanent rental, transitional rental, and vacation rental. Now, we want to dive into the three most common use cases we see: Cash-Out Refinance, Purchase, and Vacation Rental.

Cash-Out Refinance

Cash-out refinances are our most popular use case. A cash-out refinance is when you replace your mortgage with a new loan for a higher amount, and the difference in cash is yours. Our clients use our cash-out refinances to:

  • Renovate an existing rental property
  • Buy another investment property
  • Finance a flip

Learn more about cash-out refinances.

 

Purchase

We also often help investors grow their rental portfolios by financing their purchases. Many of our investors:

  • Purchase already rented properties
  • Purchase rent-ready rental properties

 

Vacation Rental

Unlike other lenders, Visio has been able to make sense of short-term rents and will finance vacation rentals. Our investors often will:

  • Cash-out refinance a vacation rental to buy more investment properties
  • Refinance an existing vacation rental, so they can get our 30-year terms and great rates
  • Purchase a new vacation rental as an investment

Learn more about our Vacation Rental Loan Program.

We have dedicated a lot of time on educating our borrowers on how best to use our products to help them succeed with their investments. Check out our blog category "The Visio Box," to learn more or visit our Investor Resources page

More Resources

Related: Documents Needed to Close a Loan with Visio, An Overview of the Visio Box

Topics: Real Estate Investing, Brokers, Finance, Vacation Rentals, The Visio Box