Cash out Refinancing
A cash-out refinance is a type of mortgage refinance that takes advantage of the equity you’ve built over time and gives you cash in exchange for taking on a larger mortgage. In other words, with a cash-out refinance, you borrow more than you owe on your mortgage and pocket the difference.
When you refinance, you can do anything you want with the money you take from your equity. You can make buy an investment property, a second home, repairs on your current property, catch up on your student loan payments or cover an unexpected medical or auto bill. Cash-out refinances also usually give you access to lower interest rates than credit cards. Let us recommend refinance options and customize them to fit your budget.