With interest rates on the rise, it may be time for the “last call” for economical refinance rates for the eminent future. One advantage why owning Real Estate is considered such a good investment is because paying down a mortgage helps build homeowner equity. However, you do not have to wait to finish paying off your mortgage or sell your home to access your home’s equity. You can convert equity into cash and continue paying off your mortgage with a Cash-Out Refinance.
A Cash-Out Refinance can help pay off unwanted debt, or even accomplish home improvement goals so you don’t have to depend on credit cards, a second mortgage, or getting a personal loan. Many home owners use the Cash-Out Refinance to take care of auto repair bills, consolidate to debts or even wipe away outstanding student loans.
To find out if a Cash-Out Refinance is good for you, please complete the little form below. A JFK loan consultant will contact you to explain all of the details of a Cash-Out Refinance, and answer your questions.