Housing Market Update

Cash Out Refinance

  • Due to historically low mortgage rates, now is a great time to refinance your home
  • A Cash Out Refinance allows you to take advantage of the equity you built up in your home
  • You can draw money out for whatever reason you like, which is less expensive than other forms of financing
  • Renovations are the most common reason for a Cash Out Refinance
  • Your lifetime mortgage advisor can answer any questions you might have on the topic
  • If you cannot afford to buy a new home, but still need to make renovations to the home you currently own, a Cash Out Refinance is perfect for you
  • A renovation loan is based on the value of your home after renovations have taken place

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