Cash Out Refinancing
Getting cash to build a financial goal or simply using it to pay a debt is achievable with a cash-out refinance.
Northwest Insurance Agency can help; since 1970, our licensed lenders have been providing cash-out refinance loans for homeowners in Dallas. With our low-interest rates on home equity loans, we can provide the money you need quickly and efficiently without draining your pocketbook. If this sounds like something that would benefit your situation or plans, fill up an application today!
How can cash-out refinance help you reach a specific financial goal?
A cash-out refinance lending is an excellent way to get some extra money out of your home. You can use the money to pay off credit cards, student loans, or other debts. Starting a new venture such as going back to school, starting your own business, or investing in the stock market for future growth is also common for clients who get this service.
A homeowner’s choice to get more out of the house
When you own a home, and it is worth more than what you owe, you can use this when buying another house. You can get the money back as part of your down payment.
It may seem scary but don’t be afraid.
There are great benefits when using this strategy: the interest rates are locked in and will not change. It can help you save money in the long run if plans go as expected. You can also get more cash without moving or selling your house. You can also take out more each year to fuel your growing ventures.
Cash-out refinancing vs. mortgage refinance
A cash-out mortgage is more expensive and requires a lot of money. It’s also for people who want to stay in the same house. A refinance mortgage is less costly, and you can move to a different home.
The process of cash-out refinancing is different from that of a regular mortgage refinance. It’s more like you’re getting two mortgages at once: an older one to pay off your current home loan and another for the new house!
With Northwest Insurance Agency’s help, you’ll quickly find a suitable cash-out refinance deal.
You don’t have to be in a rush for a cash-out refinance, and you don’t have to be underwater on your mortgage. We want to make sure that all of our clients get the help they need when buying a home. We will do this by putting them in touch with one of our mortgage advisors, who can guide them through the process. Our experts help people get approved for loans even after being turned down elsewhere!
It’s not hard to qualify for a cash-out refinance, so get in touch with Northwest Insurance Agency today!
