12/13/2021
If you are a current homeowner, you may have heard different terms surrounding refinancing. One such term is what is called a cash-out refinance. In this mortgage refinance transaction, the new loan amount exceeds the balance of the existing first mortgage. The borrower receives the excess in cash, which can be used for debt consolidation, home improvement, or any other purpose. If you have questions about refinance, please give me a call! I have the expertise to help you navigate this journey of homeownership.