Cash-Out Refinance

What is a Cash Out Refinance?

A Cash-Out Refinance is when you use your home’s equity to refinance for more than the outstanding balance owed on your current mortgage. Then, after paying off your original mortgage, the amount left over is used to payoff your other debt or for other needs (e.g. remodel, tuition, your business, etc.)

Cash Out Refinance Features

A cash-out refinance is a new first mortgage, not a second lien loan such as a Home Equity loan or HELOC
In general, the more home equity you have, the more money your cashout refinance may provide
Use the extra cash as you need–consolidate debt, remodel, tuition, even buy a second home

Note: By refinancing your existing loan, your total finance charges may be higher over the life of the loan

Mortgage Refinance Resources

Calculator – What will my refinancing costs be?
Calculator – Am I better off refinancing?
Refinance Process
Mortgage Refinance Educational Articles (independent 3rd party)

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Great experience for a first-time home buyer!! John made us feel comfortable throughout the whole purchase process.

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Darren worked with us to find the best rate at the best time in our timeline, listened and answered all concerns, & never had a hiccup

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Ashley was great helped me out alot made the experience alot better than what I was dealing with

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This company was so easy to work with! Ashely and her team were prompt and very informative. Everything was easy and online, and with our hectic schedule we stayed on target and closed in a timely manner. They will be recommended to any in my circle buying a new home!

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Ashley Neely was very informative and very helpful during our buying process. Her diligence to help us purchase our first home, was very welcoming. My family and I thank Ms. Neely and the staff for their hard work! God Bless!

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