Grow your real estate investing business with the most competitive and transparent private lender for bridge loans (hard money, fix & flip, rehab, ground up construction), DSCR rental loans.

Private Lender for DSCR Loans and Fix & Flip Loans | OfferMarket

Private Lender for DSCR Loans and Fix & Flip Loans

A mortgage loan originator or MLO is a licensed person or company who facilitates the mortgage process from application through closing. MLOs are licensed by state and national authorities, and are given an [NMLS](https://offermarket.us/real-estate-glossary/nmls) number. Mortgage brokers and loan officers are considered MLOs.

A mortgage loan originator or MLO is a licensed person or company who facilitates the mortgage process from application through closing.

Mortgage Loan Originator ("MLO") - Real Estate Glossary - OfferMarket

What is Mortgage Loan Originator ("MLO") in real estate?

Dispositions in real estate refers to selling or liquidating a financial interest in a property. This term is commonly used in wholesale real estate.

Dispositions Meaning - Wholesale Real Estate - Glossary

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Dispositions - Real Estate Glossary - OfferMarket

What is Dispositions in real estate?

## What is a HUD-1 Settlement Statement?

 

A HUD-1 is an official settlement statement form provided by the U.S. Department of Housing and Urban Development. The HUD-1 is used to show the debits and credits for the buyer and seller in a real estate transaction. 

 

## [ALTA and HUD-1 settlement statements](https://drive.google.com/drive/folders/1Q1I-B7FVaTGQJO7XFQxw5fs7r9Ai5pAh)

 

The title attorney or real estate attorney conducting the real estate settlement will provide a HUD-1 to the seller and the buyer. It's important to carefully review the HUD-1 to make sure there are no errors. This document is then signed by the seller and the buyer at closing.

 

## Private Lender Info

 

- [ALTA](https://www.offermarket.us/real-estate-glossary/alta)
- [ISAOA/ATIMA](https://www.offermarket.us/real-estate-glossary/isaoa-atima)
- [Mortgagee Clause](https://www.offermarket.us/real-estate-glossary/mortgagee-clause)
- [CC](https://www.offermarket.us/real-estate-glossary/cc)

A HUD-1 is a settlement statement used to show the debits and credits for the buyer and seller in a real estate transaction.

HUD-1 Settlement Statement - OfferMarket Real Estate Glossary

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What is HUD-1 in real estate?

#### What is a cash out refinance?

 

A cash out refinance is when a real estate investor or homeowner pulls a portion of the equity out of their property by implementing a new mortgage loan.

 

#### How does a cash out refinance work?

 

Let's say you own a property that you believe is worth $1,000,000 and your current mortgage loan balance is $250,000 with an interest rate of 5%. This means, pending the result of an [appraisal](https://www.offermarket.us/real-estate-glossary/appraisal), you have roughly $750,000 worth of [equity](https://www.offermarket.us/real-estate-glossary/equity) in the property. With interest rates at 3%, you see an opportunity to reduce your interest expense. You also realize you can access a portion of that equity so you can buy another investment property. So you go to a bank and tell them you want to refinance the property. The bank confirms that they can lend up to 75% [LTV](https://www.offermarket.us/real-estate-glossary/ltv) and they send an [appraiser](https://www.offermarket.us/real-estate-glossary/certified-residential-appraiser) to [appraise](https://www.offermarket.us/real-estate-glossary/appraisal) your house. The appraisal comes back at $1,000,000, which means the bank can issue you a new mortgage of up to $750,000. 

 

You decide to refinance at 75% LTV and your refinancing bank pays off your original $250,000 mortgage loan and issues you a $750,000 mortgage loan at 3% interest. This means you receive $500,000 in cash ($750,000 - $250,000 original loan) and you have 25% equity in the property valued at $250,000. Using our [mortgage calculator](https://www.offermarket.us/tools/mortgage-calculator), you can see you will now be responsible for making roughly $3,500 in monthly [PITI](https://www.offermarket.us/real-estate-glossary/piti) payments over the term of the new 30 year fixed mortgage loan.

A cash out refinance is when a real estate investor or homeowner pulls a portion of the equity out of their property by implementing a new mortgage loan.