Cash Out Refinance is a popular loan type that gives borrowers access to the equity in their homes. Borrowers can use this type of loan for a number of reasons that are listed below. When completing a Cash Out Refinance it is important to analyze the dollar amount needed for your project, investment or debt payoffs. Completing the Quick Quote will confirm eligibility and options.
Cash Out Refinance Benefits
- Consolidate debt into one payment
- Increase monthly cash flow paying off high interest debt
- Equity can be used to complete home repairs
- Do the home remodel of your dreams
- Pay for college tuition
- Pay off outstanding medical bills
- Investment property purchase
- Vacation home purchase
Eligible Products
- 30 Year Fixed Mortgage Refinance
- 15 Year Fixed Mortgage Refinance
- Cash Out Refinance
- Debt Consolidation Refinance
- FHA Refinance Loans
- VA Refinance Loans
- Flex Term Refinance Loans (8-30 years)
- No Closing Cost Refinance Loans
Factors in Determining Cash Out Refinance Loans
Credit Score: A better score will increase cash out refinance options
Loan to Value Ratio: Important when choosing a cash out refinance loan
Loan Size: Will determine if it is a conforming, super conforming or jumbo loan
Term of Loan: When do you want to pay off the loan
Goal of the Loan: How much equity am I looking to borrow
Eligibility: The better the credit and income the more cash out refinance programs a borrower will able to obtain
Click the Quick Quote link to confirm loan eligibility and loan options...