We are committed to assisting our valued customers with all of their home financing needs. In addition to providing those who are buying a new home with competitive mortgage programs for their purchase, we also can help existing homeowners to tap into their equity. Home equity can grow from an increase in property value as well as a reduction in your mortgage principal with each payment you make. You may want or need to use this equity, and you may be wondering how you can access it.
If you have equity in your home that you would like to pull out, a cash out refinance mortgage may be ideal for you. There are different reasons why you may want to tap into the equity you have accumulated in your home. For example, you may want to renovate your home, buy new furnishings or even pay off other debts that have a high-interest rate.
With a cash out refinance a mortgage, you generally can borrow up to 80 percent of the value of your home, provided you qualify based on current lending guidelines. When you contact our office to discuss your current needs, we will help you to determine the loan amount that you may qualify for as well as the amount of equity that you may be able to access if you apply for a cash out refinance loan.A cash out refinance loan is just one of several ways that you may be able to access the equity in your home. For example, you may also be able to open a home equity line of credit. By contacting us for assistance with your refinancing needs, you can receive personal assistance from a knowledgeable, hardworking team. We are available to begin helping you with your refinancing plans, so contact us by phone or through our website today.