A Cash out refinance is a loan acquired by the homeowner, where the new loan acuired not only pays off the existing loan, but also issues cash to the borrower against the equity in the property. For example, if you have a current loan amount of $200,000, your home’s value is $600,000 and you desire cash from your equity, the cash available (after costs) would be aproximately $280,000 (based upon an 80% LTV as the maximum LTV for most refinance loans is 80%)
By refinancing your existing loan, you can obtain cash on the value of your own home to pay off debts, make home improvements, pay for education, or any upcoming expenses. The refinance transaction can also provide you with a better mortgage loan interest rate that will save on your monthly mortgage payments during the loan…and it’s tax-deductible!
If you are looking for this type of refinancing, Centsable Finance can assess your financial and real estate portfolio, and find a program suited to your financial needs. We offer cash-out programs for Owner-occupied homes and Non-owner occupied homes, with low, affordable rates.
By cashing out on your home, you can obtain cash on the value of your own home to pay off debts or upcoming expenses. The refinance transaction can also provide you with a better mortgage loan interest rate that will save on your monthly mortgage payments during the loan. And it’s tax-deductible.
If you are looking for this type of refinancing, Centsable Mortgage can find a program suited to your financial needs. We offer cash-out programs for Owner-occupied homes and Non-owner occupied homes, with low, affordable rates.
We strive to deliver the highest levels of service to help you reach your goals. We thank you for your trust and support. From the first call to closing, our team is with you every step of the way!
We strive to deliver the highest levels of service to help you reach your goals. We thank you for your trust and support. From the first call to closing, our team is with you every step of the way!
We strive to deliver the highest levels of service to help you reach your goals. We thank you for your trust and support. From the first call to closing, our team is with you every step of the way!
We strive to deliver the highest levels of service to help you reach your goals. We thank you for your trust and support. From the first call to closing, our team is with you every step of the way!
