What is a Cash-Out Refinance?
A cash-out refinance is a cost-effective way to access your home's equity. A cash-out refinance is a lending option when your home is worth more than what you owe on your mortgage. Unlike a second mortgage, you are not adding another monthly payment, rather, you are trading your old mortgage for a new, higher loan and you get back the difference between the two in cash.
How does a Cash-Out Refinance work?
With a cash-out refinance, you could fulfill some of your financial goals! It gives you the opportunity to:
- Consolidate high-interest debt and possibly improve your credit score.
- Improve, update or repair your home.
- Cover any unexpected expenses that may arise.
- And anything else you can think of, after all, it's your money!
Why PrimeLending?
PrimeLending is a people-first company driven by the belief that financing, or refinancing, a mortgage, should be an exciting and positive experience. That’s why we focus on making the home loan process as simple as possible.
putting people first
Since 1986, PrimeLending has kept our focus on people, their homes, and their financial well-being now and in the future.
Service Beyond Expectations
You need a lender you can trust; that’s why we offer more refinance programs to help you find the right fit.
Expertise and Support
We will be by your side throughout the entire refinance process to help you reach your home goals.
Learn more about whether a cash-out refinance makes sense for you.
Thank you for your interest in PrimeLending.
