CASH OUT REFINANCE

 

Cash out today for a better tomorrow.

With a cash-out refinance, you use the equity in your home to get cash. Tapping into your home’s equity is an ideal way to get extra money, and the beauty of a cash-out refi is you can use the cash for anything you choose.

You can pay off debt from high-interest credit cards or student loans, make home improvements, or even start a new business. The only limitation is your imagination.

Read below to discover what cash-out refinance is all about, and how to get started with the application process through American Freedom Funding Home Loans.

What are the benefits of a cash-out refi?

The biggest advantage to a cash-out refinance is the obvious one – cash! You can use it to pay off debt, remodel, or even take a well-deserved vacation. But there are also other reasons to consider this option. It’s possible to refinance your existing mortgage and get a rate that’s lower than a line of credit. Also, because mortgage rates are typically tax deductible, there could be additional savings if you put the money you receive toward paying off debt.

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How do I know if a cash-out refi is right for me?

If the money is used to consolidate debt and the total of your monthly payments is reduced then it makes sense to do a cash-out refinance. It’s also smart to take advantage of a cash-out refi for things such as educational expenses because mortgage rates are often lower than rates on personal or student loans. In addition, mortgage interest is usually tax deductible.

An iCore Lending, Inc. mortgage specialist can find the loan that’s right for you and guide you through the entire process. And because we’re a direct lender, we’re able to streamline the refinance process and get you the cash you need fast.

Call iCore Lending, Inc. today at 714-272-1138 to speak with one of our knowledgeable Loan Officers and learn more about your refinance options. Or fill out our get a quote form and one of our specialists will contact you.

©2020 iCore Lending, Inc. - Corporate NMLS ID # 1547623 located at 18952 MacArthur Blvd., Ste. 450 Irvine, CA 92612,  -  All rights reserved. Doing business in the State of California as iCore Lending, Inc. Licensed by the California Department of Business Oversight, Residential Mortgage Company Registration License # 60DBO110662. For all licenses, visit http://www.nmlsconsumeraccess.org/. icore Lending, Inc. strives for compliance with all applicable state laws and federal regulations pertaining to mortgage lending, advertising, and marketing laws. THIS PRODUCT OR SERVICE HAS NOT BEEN APPROVED OR ENDORSED BY ANY GOVERNMENTAL AGENCY, AND THIS OFFER IS NOT BEING MADE BY AN AGENCY OF THE GOVERNMENT. All applications are subject to underwriting guidelines and approval. This does not constitute an offer to lend. Not all applicants will qualify for all loan products offered. All loan programs, terms and interest rates are subject to change and/or discontinuance without advance notice. Equal Housing Opportunity. All rights reserved