The big banks and standard lenders offer highly specific products that can be great for borrowers who have a very targeted goal in mind. But their specificity can also be a downside; they can be very inflexible for people who require a lump sum of money to cover a variety of different purposes. In these situations, it’s also often critical to have a loan that allows a cash out function — but that’s not always available in more standard loans.
That’s why at Titan Capital, cash out loans are a standard feature across all of our products. We’re able to offer you a cash out residential loan or cash out commercial loan, provided you’ve got the requisite collateral.
How cash out loans can help you
We understand that people’s financial circumstances can be complex and that the “standard profile” is continually evolving. So there’s a variety of reasons that you may require a loan with a cash out function. Some of the most common reasons we encounter include:
- Keeping business cash flow going
If you’re in an industry where work or income stream is heavily seasonal, you may encounter cash flow issues from time to time during your “off-season”. In these instances, a cash out loan can help cover day-to-day expenses such as payroll or other operating expenses until business picks up again.
- Home renovations
When you’re undertaking large-scale projects such as home renovations, there are inevitably going to be unforeseen expenses. Having a cash out option in your loan can be useful to cover some of these costs at the moment, rather than needing to wait for approval on additional finance.
- Debt consolidation
Sometimes refinancing isn’t always the best option for dealing with debt. You may be concerned about the repercussions for your credit score or simply just want to deal with the creditors on an individual basis. Cash out loans can be effective at helping you achieve freedom from debt more rapidly in some circumstances.
- Asset-rich but cash poor
Sometimes you just need to have liquid funds available. A cash out residential loan or similar solution can be useful if all of your assets are currently tied up elsewhere.
Titan Capital — your provider for cash out loans
At Titan Capital, we see offering loans with a cash out function as an integral part of our business. Our loans utilise commercial and residential collateral — once this has been provided, we offer fast and flexible loans that can be used across a wide range of purposes, with cash out as a standard feature.
We pride ourselves on being more flexible and readily available than the big banks; we understand that navigating finance can be a complex issue. We aim to make our loans low doc and process applications quickly to work with your specific circumstances at a more rapid rate. That way, you’re able to get your hands on the loan more rapidly and use its cash out function for the costs you’re dealing with.
Cash out loans and brokers
If you’re a broker and your client has been having difficulty securing finance through more traditional means, speak to Titan Capital today. We work with brokers extensively in order to provide solutions for unconventional lending situations.
Speak to Titan Capital about cash out loans today
If you’re looking for a cash out residential loan or any other type of financing solution, get in touch with Titan Capital today. Reach out online or call 1300 304 770. The BDM team will be able to assist you with any questions and help you get the financial solutions that you need.