In simple terms, a cash-out refinance replaces your current mortgage with another loan that:
Pays off your current mortgage balance
Uses the equity in your home to provide additional funds for other purposes
Advantages
Debt consolidation: Use the cash to pay off high interest credit card debt or student loans.
Home Improvements: Add value to your home and make your home more appealing to buyers in the future.
Money in the Bank: Emergency fund offers stability and peace of mind, so you sleep better at night.
Tax deductions: The mortgage interest deduction may be available on a cash-out refinance if the money is used to buy, build or substantially improve your home.
Contact One Of Our Helpful Mortgage Lenders Today!
Licensed In all States
Just fill out the quick form below and we’ll take it from there. Or call us during regular business hours. (Monday through Friday, 8:30AM-5:30PM)
