A cash-out refinance is a refinancing of an existing mortgage loan, where the new mortgage loan is for a larger amount than the existing, and the borrower receives the difference between the two loans in cash.
Basically, homeowners do cash-out refinances so they can turn some of the equity they've built up in their home into cash giving them more flexibility to:
Finance educational expenses
Make large purchases
Make home improvements
Take a dream vacation
Get money for life's unexpected setbacks
Pay off high interest credit card debt
And much more!
*Other Restrictions and State Guidelines may apply.
Eric and his team gave me one of the most worry-free loan processes ever. He kept me updated every step of the way! True professional from start to finish. A+++++
I want to first and foremost thank all of you for putting up with me. I know I'm not the easiest but I truly appreciate all of you. Thank you for your time and diligence to making this dream come true for me. My family and I are extremely happy and excited!!
Chris was great, stayed in contact with me throughout the process, answered all questions and explained different options for tailoring the loan to fit my needs.
The Lithgow Team was fantastic to work with! This was my first home purchase and they went out of their way to provide excellent communication and service during the entire process. Highly recommended!
Shelly Nickles and team were helpful, knowledgeable and courteous through all stages of my home loan process. This was my third home mortgage with Shelly and team.
Mr. Zanotelli was very knowledgeable about lending options in planning the purchase of our home. Both he and his staff were very responsive to our emails or phone calls throughout the process.
He was super helpful during this process. This was our first home and he made this process very simple. He worked hard to close us in 30 days, use Emmett if possible. He will not let you down!! Very impressed by his work and this company as a whole.
Great with keeping you updated and always explained everything so that it was easy to understand. Always called back and kept me informed about any new details from start to finish.
Shelly was very professional. I would recommend her and her team to anyone who is looking to purchase a home. She was very informative on the process of buying a home.
Shelly is very professional and made everything smoothly. You do not need to worry. She will help you to deal with everything. If you have any question, she will respond to your inquiry quickly through phone or email.