Cash-Out Refinance

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A cash-out refinance allows you to take cash out from the equity in your home in the form of a new loan.  You can use the cash for anything you need from debt consolidation, to paying for college or medical bills.  You can use the cash for a home improvement project or just to ease a current financial burden.

Unlike a home equity line of credit (HELOC), you will only have 1 monthly mortgage payment with a cash-out refi.

In order to qualify, you must have at least 20% equity (80% LTV) in the home after you take the cash out.  

Please call or email us today with your questions.