Access the Equity in your Home!
If you have built up significant equity in your home, that is to say, you’ve already paid off a large chunk of the mortgage or your house has appreciated in value, then you can access that equity in a cash-out refinance loan.
Benefits of a Cash-Out Refinance
This is a wonderful option if you need funds for major expenses such as:
- Paying college tuition
- Tackling home renovations
- Covering unexpected expenses
- Investing in another property or business
- Paying off higher interest loans in debt consolidation
If planned correctly it’s possible to refinance at a lower rate and with simpler terms.
Let us help you with this important planning as you consider whether a Cash-Out Refinance is right for you!