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Cash-out Mortgage Refinance
Cash-out on Your Home Equity
Get extra cash and consolidate your debt
Using the equity in your home you can literally “cash in” and get $10,000 more back to do whatever you want with it. Add a new deck, install a pool, remodel your kitchen, pay for college or take a much-needed vacation! It’s up to you.
“Cut your monthly bills and get $10,000 in cash to do whatever you want.”
Cash out refinance is another option you have available as a homeowner. The money you cash out is simply rolled into a new first mortgage. Some homeowners choose to borrow the money as part of a home equity loan or a second mortgage.
Benefits of a Cash-out Refinance vs. Home Equity Loan:
- Faster access to cash. Get your check within 7 days of settlement with a Cash-out Refinance.
- Lower rates. Because a home equity is a second mortgage, rates are often higher.
- Easier to manage. You just have pay one, low monthly payment – not several.
- Interest is tax-deductible on the new first mortgage.
“Cash out on your home equity to consolidate bills or use the extra cash to remodel your home, pay college tuition, go on a vacation, buy a car or install a pool.”