cash out refinance

Aurum and Sharpe was founded in 2017 by me, Bryan Hanley, and one of my best friends, Rudy Renelique. After many years working at big banks like Chase, and Wells Fargo, we decided we could bring value to a mortgage market that was starving for independent thinkers. So we started Aurum and Sharpe over a phone call about financing a multi-family deal in Brooklyn. Since starting this business we’ve been on many adventures from financing a $20 million portfolio of single families, to meeting the President of Rwanda and Finance Minister of Namibia.

Team and our partners at Maya’s Hope Fundraiser

Rudy has gone on to start his own firm, Overture Capital, while I’ve stayed on to grow Aurum and Sharpe. Aurum is the original Latin word for gold (that’s why the periodic table has it listed at Au). We chose it because we think of our word as “as good as Gold.” And in that vein, we want to add value to every customer we come in contact with. Our promise is that by working with us, you will increase your Freedom, Purpose, and Fulfillment.

Our process includes learning your overall objectives and where you want to go in your life so that we make sure your financing enhances your life and gets you to your destination much faster. What that means though, is that we are not like every other broker on the street that will only do a surface level amount of learning about you, your life, and your motivations. For us, that is Gold. We want to learn how we can tailor your financing so that you thrive in your life! So before we talk about rates, terms, or anything else, we are going to try and figure out how to add value through financing.

We know this approach isn’t for everyone. But if this resonates with you, lets talk: 917 475 6207

Less well known about me is that I’ve also served as the Head of Marketing at a Y combinator Cyber Security Startup (raised their value by creating winning marketing, twice), served as a marketing specialist, data management contractor for the Cyber Security Infrastructure Security Agency (CISA, which is a division of the United States Department Of Homeland Security), wrote and published “The House Hustle” for Black Entrepreneurs, wear two five-fold Crosses, hold a degree in Africana Studies from Rutgers University (I’ll always be a Scarlet Knight), and am former active firefighter.

Feel free to verify any of this on Linkedin:

Live Free! Break the Chains!

September 20, 2022

How to Refinance an Investment Property

The benefits of refinancing to investment property owners cannot be overemphasized A mortgage refinance enables you to reduce interest rates, redefine the loan terms, and finance new investments. Overall, refinancing your investment property enables you to cut costs and improve profitability. Here, we’ll discuss investment property refinancing and the process generally. Refinancing Investment Properties In real estate, refinancing is the process of replacing an existing mortgage with a new one offering better terms to the borrower. Depending on your lender, you may have collected a loan with a high-interest rate or generally more unfavorable terms. If the rates on the market change and you want to take advantage of the better rates, you can refinance your mortgage to get a better deal. Refinancing allows the borrower to customize the terms of the new deal by; Negotiating a lower interest rate […]
September 14, 2022

Who are the Best Non-QM Lenders?

Many mortgages went into default more than ten years ago due to the borrowers’ inability to continue making mortgage payments. The spike in defaults was mostly caused by a large number of mortgages that, while they initially helped borrowers buy homes, ultimately put those homeowners in a difficult financial situation. Non-QM lenders now offer safe alternative financing solutions by modifying their services. The Qualified Mortgage Rule was developed in 2014 by the Consumer Financial Protection Bureau (CFPB). This rule established requirements for lenders, including the need for them to confirm the borrower’s ability to pay back the mortgage and the need for them to offer mortgage options that minimize risk for both the borrower and the lender. While some borrowers may not meet the requirements or are not eligible for a qualified mortgage rule, non-QM might be preferable. However, this […]
September 14, 2022

Is it harder to get a Mortgage for an Investment Property?

Real estate investment is one of the most profitable investments you can make if you know your onions. More than 10% of the wealthiest people in the world post real estate as their source of income, and this sector has become one of the most lucrative over the years, generating three times more revenue than every other income source over the last year. If you’re a small-time investor, the easiest way to make money off real estate is by renting out a property or flipping a property for profit. However, the personal capital to invest in property is often unavailable, making investment property loans worthwhile. Investment property loans allow you to increase your profit by using the loan to build or rehabilitate a property where there is a need while leveraging the terms of the loan. However, banks and lending […]
September 14, 2022

How Does Real Estate Investment Compare to Investing in Stocks or Crypto

A great approach to increasing wealth and preparing for retirement is through investment. Investors can diversify their wealth and reduce risk by taking advantage of various profitable investment opportunities. The world is full of investment opportunities. Choosing the right ones for you can be difficult. The benefits and drawbacks of every investment are unique. Maybe your financial adviser tells you to invest in stocks, your best friend tells you to invest in stocks, and every social media post wants you to invest in cryptocurrency. You may be confused about the right investment because they all look like the right one with future potential. Not to worry, this article will guide you on real estate, stocks, and cryptocurrency investment and how to choose the right one that specifically suits your circumstance. What is Cryptocurrency? Cryptocurrency is a digital currency that doesn’t […]
December 28, 2021

The Step by Step Guide to Refinancing Your Underlying Co-op Mortgage

There are a lot of benefits to refinancing your underlying co-op mortgage. These include a lower interest rate and changing your loan term. Depending on your why, refinancing may be the right choice for your co-op mortgage. Borrowers save an average of $2,800 annually by refinancing their loans. With a 10-year loan, this would equal out to $28,000.  Underlying co-op mortgages have shorter terms than residential mortgages and often have balloon payments at the end, so refinancing is common with these types of loans.  Keep reading to understand how to refinance an underlying co-op mortgage.  What is an Underlying Co-Op Mortgage? It’s important to understand what a mortgage is and how an underlying mortgage differs. Co-ops have special mortgages and rules on how funding works. What is a Mortgage? A mortgage is a loan that uses a form of real estate as […]
December 28, 2021

10 Best Practices for Getting a Mortgage in an LLC

“You’re self-employed. You’ll never get a mortgage.” If you’re making money on your own, you’ve likely heard these statements before. And, you’ve likely believed them. But, we’re here to break these rumors. You can get a mortgage if you’re self-employed. In fact, the best LLC mortgage lenders can help you get the best mortgage deal depending on your situation. In order to get the mortgage deal that you’re looking for, keep reading. We’re going to cover everything you need to know about getting a mortgage for your LLC. And, we’re going to share all the tips and tricks that you need to use when you’re looking for an LLC mortgage. 1. Get All of Your Legal Affairs in Order Before you start looking for the perfect mortgage deal, you need to get all the legal affairs for your LLC in order. If you’re […]
December 28, 2021

Where to Get LLC Loans for Investment Property

New real estate investors commonly ask the internet and other investors, “can I obtain mortgage LLC loans for an investment property?” The answer to that burning question is “yes”! Obtaining an LLC mortgage loan for your investment property comes with a slew of unique benefits. If you are new to getting a loan under an LLC can be very challenging if you don’t know where to start or where to look. No need to worry; we did all of that research for you. In this comprehensive LLC loans for investment property guide, we will go over everything you need to know about getting a rental property under your LLC name and who you can reach out to for more information! Benefits of LLC Loans for Investment Property Rental property investors use an LLC to protect their assets for their investment […]
December 28, 2021

What is the maximum LTV (loan to value) for a cash out refinance on an investment property?

Refinancing refers to the process where a property owner replaces their existing mortgage with a new one, in order to either save money or capture the equity in the real estate that they own. As of the day of this writing, interest rates in general, for both purchase and refinance loans are at record lows. At the beginning of 2021, the average mortgage interest rate was a startling 2.65%, a full percentage point lower than it had been just a year before. The lowest level it has been in years. During a low interest rate environment, like the one we are currently experiencing, refinancing an investment property opens up a huge opportunity for investors to decrease their monthly operating expense and increase their net cash flow. Furthermore, pursuing a cash out refinance loan, can multiple these benefits by allowing a […]
December 17, 2021

How to Cash-Out Refinance your Investment Property

Cash-out refinance for an investment property If you’re looking to buy your first, second, or thirtieth rental property, then you’re a wise investor. There’s a reason why there are over 22 million independent landlords across the US, and it’s that real estate is a great investment! However, there are some ways to truly maximize your profits, and cash-out refinancing is a great way to get the funding for it! So, let’s talk about cash-out refinance for investment property and why it is the best option for your wallet! Benefits of Refinancing You’ve probably heard of refinancing a mortgage or a car loan before. It’s a great way to save money or potentially get some extra cash to use in the short term. No matter what type of refinance investors choose, there are some common reasons why an investor would choose to refinance […]