Cash-out Refinancing
When you need a loan, you are not alone!TM
Accessing your Home Equity
One of the best strategies for property owners to gain access to cash (whatever the purpose may be) is Cash-out Refinancing. Property owners often have equity in their property, which can be accessed through cash-out refinancing. There can be many advantages to this process, one of which is attractive interest rates, since the borrowed money uses the property for collateral, which is attractive to the lenders.
However, this is not advantageous in all cases, and one should consult with a professional to understand what such a process may look like for a given borrower, since any borrower’s specific circumstance may make this an advantageous, or disadvantageous choice. This determination depends on many factors, including, but not limited to the current loan’s interest rate, the amount of equity in the property, the purpose of the additional loan, etc.
We stand ready to assist you in determining whether this would be a good option for you.
Call or email today to get started!
