Wednesday, September 19, 2018
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.