Cash-out Refinance

Cash-out Refinance

Achieve your financial goals with a cash-out refinance mortgage

Cash-out Refinance

Further your financial goals and enhance your life with a cash-out refinance

  • Access Your Home’s Equity to Finance Your Needs
  • Use your home equity to your advantage! Get money out of your home and use it for anything you want.
  • Make home improvements to increase the value of your home, pay for college tuition, pay off high-interest credit card debt, or buy a vacation home.
  • Homeowners over 62 can access their home’s equity like cash with a reverse mortgage.

Benefits of Refinancing Your Mortgage Loan:

  • Why pay more than you have to? Don’t miss your chance to take advantage of today’s low mortgage rates.
  • Make one low monthly payment instead of several, and pay less overall every month. Unlike credit cards, the interest is usually tax-deductible
  • Use your home equity to your advantage! Get money out of your home and use it for anything you want.
  • Make home improvements to increase the value of your home, pay for college tuition, pay off high-interest credit card debt, or buy a vacation home.
  • Even changing the terms of your mortgage loan can maximize your monthly income.
  • Refinancing is an easy way to solve many of your mortgage worries. Getting a
  • lower monthly rate and paying less over the life of your loan just makes sense.

Get Matched with a Refinance Loan That’s Right for You!

It’s Quick & Easy. 

Get a No-Obligation Quote Today!

Choose Your Option

Home Purchase Loan

Get A Home Loan That’s Right For You!

No Credit Card. No SS#. No Hassle. Home Refinance Loan

Get A Refinance Loan That’s Right For You!

No Credit Card. No SS#. No Hassle. Small Business Loan

Get A Small Business Loan That’s Right For You!

No Credit Card. No SS#. No Hassle. Commercial Loan

Get A Commercial Loan That’s Right For You!

No Credit Card. No SS#. No Hassle. Cach-Out Refinance Process Cash-Out Programs Types of Properties Cach-Out Refinance Process

Get Pre-Approved to Buy Your First Home
Before you begin your search for a house, it makes sense to get e-approved for a mortgage. This will help you determine a price range for your search and whether you are likely to be approved for the loan amount you’re interested in. This will also make you a stronger buyer in the eyes of sellers and their real estate agents because you’ve already had your financial history verified in the process and a mortgage professional has established what price range fits your personal budget .

Apply for a Mortgage
Once you have a property under contract you’ll be ready to submit a full application for a purchase mortgage. You and your mortgage consultant can do much of the preliminary work ahead of time, such as identifying which loan program fits your income and gathering supporting documentation, so that once you have a purchase contract in hand you can hit the ground running.

The Road to Approval
After your application is submitted, a whole team (including you) will be at work moving the loan towards approval. The mortgage consultant and loan processor will work together to complete the other aspects of the application, ordering an appraisal of the property, conducting a title search (looking for undisclosed liens on the property), and more. You will need to arrange for homeowners insurance, and dependent on your region, possibly flood, wind and hail, earthquake, or other specialty coverage. You may also be asked to provide additional information such as more current bank statements, an explanation of where a certain deposit came from etc. Try to obtain these documents quickly, as most purchase contracts specify a time frame within which closing must take place.

Closing
This is where you sign the documents finalizing both the purchase and the mortgage financing. Depending on where you live the closing might take place at an attorney’s office or with an escrow agent. Be sure to ask questions about anything that is unclear. After closing, you generally receive the keys to your new home. Now you can celebrate becoming a homeowner!

Cash-Out Programs

Available Cash-Out Refinance Mortgage Programs

There are many Refinance Cash-Out Programs out there. Here are a few to choose from:

Types of Properties

Properties Eligible for Cash-Out Refinance Mortgage Programs

What type of property do you currently own? The following are several examples of properties that are eligible for a Cash-Out Refinance Mortgage:

  • Single Family Homes
  • Multi-Family Homes
  • Mobile or Manufactured Homes
  • Condos
  • Certain Types of Investment Properties

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Important: Information is gathered from multiple sources.  It should be used for research purposes only, understanding average rates available on the market and not relied on for your actual interest rate. Your rate, terms, pre-paid finance charges and APR may vary based on a number of factors including, but not limited to, the creditworthiness of the applicant(s), self-employment status of the applicant(s), condo or townhouse structure, loan amount and geographic location of the property and other considerations.. Contact your lender for specific rates the meet your particular financial situation. LoanPower is not responsible for the accuracy of information or responsible for the accuracy of the rates, APR or loan information posted by brokers, lenders or advertisers. LoanPower is not associated with the government, and our service is not approved by the government or your lender.This is not, and is not intended to be, a mortgage application. Once you have completed this expression of interest (or information request form) your information will be sent to our participating lenders. You will be contacted by telephone and/or email. By submitting your expression of interest you are consenting to receive telephone calls from our participating lenders even if you have previously listed yourself on any internal company, state or federal Do-Not-Call List. . Privacy Policy/Terms of Use

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