May 2nd, 2023 8:04 PM by Austin Howland
A cash-out refinance is a type of mortgage that monetizes the equity you have in your home.
It's a great idea if your home's value has increased since you purchased the home. It's also a good option for you if you have more than 20-percent equity in your home.
Do you plan to use the funds to reinvest in the home, or to pay down expensive debt, such as credit cards? That's a great idea!
If you are able to secure beneficial new terms on a mortgage, such as a lower interest rate and lower monthly payments, our team here at Contemporary Mortgage Services, Inc. can help. Call us today! 407-834-3377.
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