Cash Out Refinance

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.
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NOT A GUARANTEE, OFFER OR AGREEMENT. EVERETT FINANCIAL, INC. D/B/A SUPREME LENDING NMLS ID #2129 (www.nmlsconsumeraccess.org) 14801 Quorum Dr., #300, Dallas, TX 75254. 877-350-5225. © 2017. Information, rates, & programs are subject to change without prior notice. Subject to credit & property approval. Not affiliated with any government agency. Intended for Texas Consumers Only. Texas- SML Mortgage Banker Registration Residential Mortgage Loan Originator.