I offer the assistance you need to help in all of your mortgage endeavors. Whether you are consolidating your debt, refinancing your home, or buying your fist house, I have the expertise to make it fast, easy and enjoyable process.
I am a loan officer professional that specialize working with clients who needs excellent customer service. I find out what people want and need, then make it easy for them to get it. Refinancing and buying a house requires the research of an experience Loan Officer, and I’ll provide service to my clients as smooth as possible. I am always readily accessible to help my clients.I am a loan officer professional that specialize working with clients who needs excellent customer service. I find out what people want and need, then make it easy for them to get it. Refinancing and buying a house requires the research of an experience Loan Officer, and I’ll provide service to my clients as smooth as possible. I am always readily accessible to help my clients.
A cash-out refinance replaces your existing home loan with a new, larger mortgage. The difference between your new loan amount and your old one is returned to you as cash-back at closing. Cash-out refinancing lets you tap the equity in your home and use it for any purpose you like. And it’s a great way to access a large sum of money at very low interest rates.
A cash-out refinance lets you access your home equity and refinance your mortgage at the same time. When you use a cash-out refinance, you take out a new loan that’s bigger than your existing mortgage. The new loan amount is used to pay off your current home loan, and the remainder is returned to you as cash-back. A few important notes on cash-out refinancing: Cash-out refinance rates are slightly higher than traditional mortgage refinance rates Your refinance rate depends on your credit profile and how much cash you take out You can typically cash out up to 80% of your home equity Your new loan will be larger than your old one, so you’ll pay more in mortgage interest in the long run Since mortgage rates tend to be lower than personal loan or credit card rates, cash-out refinancing can be a better way to finance larger expenses There are no rules about how you can or can’t use the funds from a cash-out refinance. “These additional funds can be used for many purposes, including home improvements, consolidating debt, and other consumer needs or wants,” says Tom Trott, branch manager at Embrace Home Loans. But because the loan is secured by your home, you typically want to spend your funds on something with a good return on investment — like home renovations or consolidating higher-interest debt. See a few more good examples of how to use a cash-out refinance here.