Thursday, July 9, 2020
Cash Out Refinance
Cashing out refers to a refinance mortgage that is used to withdraw equity from your home..
What are the benefits?
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 may be tax-deductible.
How can we help?
If you are looking for this type of refinancing, Mortgage Pro can find a program suited to your financial needs. We offer cash-out programs for Owner-occupied homes, Non-owner occupied homes, and limited income verification.
* Mortgage Pro, a division of American Pacific Mortgage Corp. does not guarantee that your debts will be lowered by a specific amount or percentage or that you will be debt-free within a specific period of time. A debt consolidation may increase your monthly cash flow, but may increase the amount of your debt over a period of time by including the additional debt in your mortgage amount, which is financed over a longer period of time than the debt consolidated may have been financed. We encourage all consumers to do their own research, and examine their options carefully before selecting a particular course of action.