With a cash-out refinance, borrowers can consolidate debt, get money, and improve their finances by pulling up to 80 percent of the equity from their home. In exchange for a higher mortgage payment, cash-out refinancing accounts for the borrower’s accumulated equity throughout the years. Cash-out refinancing does not produce a separate loan; instead, it replaces the original mortgage. Borrowers are responsible for covering all closing costs. Interest rates are usually lower than home equity loans.
Cash-Out Refinancing Can Cover Large Expenses Such As:
- Emergency capital
- Home improvements
- Second-home purchases
- Investment properties
- ...and more!
Cash-out refinancing can benefit borrowers, giving them perks such as a lower rate, a shorter term, consolidating debt, and, best of all, money.
Looking for cash? Contact us today to speak with one of our specialists who can answer your questions and get money in your pocket today.
Our "3C" Process:
Complete our pre-approval request
Consider options based on your requirements
Choose the offer that suits your needs best
Interested in learning more about REFINANCING?
For more information about refinancing your home, call the EB Mortgage experts at (616) 228-8797, e-mail at firstname.lastname@example.org, or apply online today!