A cash-out refinance is a great way to take advantage of the equity you have in your home.

People most commonly use a cash-out refinance loan to:

• Consolidate revolving or high interest debt to lower overall monthly payments
• Home repairs or home renovations
• Down payment to purchase and investment property or second home
• To get cash for family needs/expenses (tuition, medical expenses, etc.)
• To reduce the term of their mortgage, in some cases the overall monthly savings by doing a debt consolidation allows you to reduce the term of your loan while keeping the same monthly payment

Is a cash-out refinance a smart move for you? To find out, contact us today. You’ll get an honest opinion on what’s most advantageous for you.