November 16, 2018

News & Article

What is a Cash Out Refinance?

What is a Cash Out Refinance?
A Cash out Refinance is when you replace your current mortgage with a new loan that allows you to pay off your current balance and uses the available equity in your home to give you additional funds for other purposes such as home improvement, debt consolidation or home repairs.  This might also be a great option for those looking to lower their interest rate.