It is always a great time for a cash out refinance!
Amy Levin Schneider | 1st Eagle Mortgage
Vice President
A cash out refinance lets you convert home equity into cash. With a cash-out refinance, you take out a larger mortgage loan, use the proceeds to pay off your existing mortgage and receive the remaining funds as a lump sum. You can use the funds for anything! Pay off your monthly credit card debt (higher interest rates than your new mortgage). Or you can finally do the home renovation that you have been wanting to do! Pay off student loans, purchases, or go on the vacation you always wanted to take.
A cash-out refinance can be option if you have built up equity in your home from paying down your mortgage or if your home value has increased. You can go up to 80% loan to value to use your home equity to work for you.
1st Eagle Mortgage now has the amazing ability to pull your credit using a soft pull which does NOT affect your credit score. And, now we can do automated underwriting to see if you qualify with the soft pull! We have partnered with a new credit company that allows us to do this.
I have been able to help people save thousands of dollars a month with a cash out refinance.
Although the current mortgage rate may be higher than what you have right now. However, when you look at your total monthly expenses, you may be better off with this cash out refinance.
Please call me to see if this would be a good financial decision for you! My cell is 847-224-9875.
