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:
*Other Restrictions and State Guidelines may apply.
This is the 3rd time using the Chris Squires Group - InterLinc Mortgage Services…two home purchases and one refinance. I have bought other properties in the past, and used other mortgage companies, but NO ONE compares to the customer service they provide. They walk you through every detail of the transaction, answer every question, and great follow up at every turn...they make the whole process as stress free as possible. Even though some processes had changed due to the Covid-19 pandemic, InterLinc rolls right on, adapts to necessary changes to make everything go smoothly. They are THE BEST!
