Unlock the wealth in your home
Malibu Jumbo Cash-
Out and P&L Home Loans
Paul has published Malibu equity work: a $2 million P&L cash-out on an $8.4 million home, and a $7.7 million refinance that paid off an expensive equity-sharing loan. Fire insurance and unique appraisals are part of the job.
Malibu is Los Angeles County jumbo with extra friction: PCH access, hillside and beach lots, wells or septic on some parcels, and insurance that can take longer than the appraisal. Paul has already closed here in public. A family pulled $2 million in under 30 days on a P&L. Another client refinanced $7.7 million and eliminated a Home Tap-style equity share.
That is why the Malibu conversation often starts with equity, not a purchase. If the first-loan rate is worth keeping, a second or a stated-income cash-out can beat a full refinance. Purchases still use jumbo plus P&L, bank statements, or assets.
Insurance and appraisal, in that order
Do not wait until week three of escrow to shop fire coverage. The payment Paul uses for qualification has to include a bindable premium. Appraisers need time on unique lots. Give the address early, even if the offer is not written yet.
South toward town is Santa Monica. Same county ceiling. Completely different comps.
Frequently asked questions
Can I pull cash out of a Malibu home without tax returns?
The published $2 million cash-out used a P&L. Bank statements and assets as income are the other doors. Paul will pick one after she sees how you earn and how much equity you want.
What if fire insurance is expensive or scarce?
That changes the payment and can change approval. Paul needs a real quote, not a guess from last year’s policy. Start that hunt when you start the loan.
I have an equity-share or Home Tap-style obligation. Can a refinance pay it off?
The published $7.7 million Malibu refinance did exactly that. Send the agreement with the loan request so Paul can see the payoff and any sharing formula.
Other coastal markets Paul covers
Same statewide programs. Different property, different documentation. Pick the city that matches the house.
Talk it through with Paul
Get a straight answer about your scenario, usually in one conversation.
Paul Healey
Personal NMLS: 328365 Company: Spectrum One Mortgage Company NMLS: 332549