Say your home is valued at $900,000 and your mortgage balances are a 1st TD of $350,000, and a 2ND TD/ HELOC of 150K. In this example you have a total equity position in your home of $400,000.

-Cash Out Option 1 Maybe you want to pull “cash out” from your home and spend $80,000 on further renovations. In this example you could simply seek a new 1st TD Loan for $580,000.

-Cash Out Option 2 Maybe you decide to take the new Appraised Home Values, and with interest rates and the Cost of Money so low, you Refinance and take Cash Out up to 75% or 80% of the Appraised Value, OAC and remove even more equity for other purposes.

To learn more details and for a Free Analysis please Click HERE. Or Phone Dan and Trinity Mortgage direct at 866-310-1112 to review your questions!