How Can Parker Borofsky’s Cash-Out Refi Tips Boost Your Investment Strategy?

This Episode is Sponsored by Parker Borofsky - Wealth Builders Mortgage Group (Powered By Movement Mortgage).

Discover how Parker Borofsky can assist you in finding the right mortgage solution for your needs. 
With years of experience and a commitment to personalized service, Parker Borofsky stands out as a trusted mortgage lender. 
Whether you’re buying a home, refinancing, or exploring other mortgage options, Parker Borofsky is here to guide you through every step of the process.

Contact Information for Parker Borofsky:

•Website: https://wealthbuildersmortgagegroup.com
•Phone: (865) 292-4436
•Email: parker.borofsky@movement.com

Hello there freedom seekers! Today's guest is Parker Borofsky, founder of the Wealth Builders Mortgage Group team, operating under Movement Mortgage, a renowned national residential lender. Specializing in investment loans, Parker's team excels in guiding clients through the purchase of residential real estate for investment purposes, with a particular passion for short-term rentals. As an investor hemself, Parker owns 12 short-term rentals between the Smoky Mountains and the Florida Panhandle. With years of experience and a deep understanding of the industry, Parker is dedicated to helping others achieve financial freedom through real estate investment.

00:30 Introduction and Sponsorship
01:54 Introducing Parker Borofsky and the Topic of Cash-Out Refinances
06:33 Personal Stories and Approaches to Cash-Out Refinances
10:03 Using Cash-Out Refinances to Overcome the 'No Money' Barrier
15:27 Understanding the Process and Loan-to-Value Ratios
22:00 Preparing for the Underwriting Process and Debt-to-Income Ratio
25:42 The Importance of Working with an Experienced Loan Originator
36:51 Navigating the Underwriting Process for Cash-Out Refinancing
37:38 Optimizing Refinancing Options for Maximum Cash Flow
39:00 Considering the Long-Term Implications of a Cash-Out Refinance
41:49 Using Cash-Out Refinancing to Leverage Property Equity for Investment

Parker's Social:
➜ https://www.instagram.com/parkerborofsky
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