Is a Cash Out Refinance right for you?
A Cash Out Refinance is a way to free up extra cash for non-mortgage related expenses like debt consolidation, home improvement, or other large purchases. By entering details like your home’s current value, the balance of your mortgage, and your desired loan amount, the calculator can give you a clear estimate of the cash you can receive.
A Cash Out Refinance is helpful if your looking to have some extra funds and lower your mortgage interest rate at the same time. If you not, you may want to consider a home equity loan or line of credit instead.
