When you take advantage of a cash-out refinance, you leverage the equity in your home to in return for cash. Homeowners often use this loan to pay for home improvements, pay down debt or pay for other large expenses.
Interest on credit cards is often significantly higher than what you would pay on a home loan. Using the equity in your home to pay down high-interest credit cards can save you thousands of dollars.
Homeowners who have available equity can take advantage of that to make improvements to their homes, which can improve the home’s value.
Contact one of our Mortgage Specialists to get a quote today!