If you’re thinking of refinancing your home, Lakeview can help with a cash out refinance! A cash out refinance unlocks the equity in your home and provides you with a lump sum of cash to use however you’d like.
What Is A Cash Out Refinance?
A cash out refinance is a new mortgage loan that pays off the existing loan, and uses some of the equity in your home for other purposes. You can use this money however you’d like. You could pay off other debt, like student loan debt, a car loan, or credit card debt. You could use this to complete the home renovations you’ve been dreaming of, like a kitchen or bathroom remodel. Or, cover unexpected bills.
And that’s not it! A cash out refinance may offer additional benefits. We may be able to lower your monthly payment, shorten your loan term, or qualify for a lower interest rate in addition to the cash you receive.
Is a Cash Out Refinance Right For You?
A cash out refinance may be a good option if you’re planning on staying in your home for the next few years, and if a lump sum of cash makes sense for your life circumstances.
Our mortgage loan experts are here to help you explore your options. Give us a call to talk through it today.