This “Cash Out” goes to you and the use of Funds is decided by the Borrower. You can spend it on Home Improvements, Debt restructure, or use the proceeds for Financial Planning, even Retirement. It is your decision and the new lenders if they will allow a Cash Out Loan. They will seek an understanding on the use of funds and seek borrowers who have good credit and lots of Home Equity and earnings stability. We are used to these requests and move quickly.

Traditional Refinancing, or the “Restructure” of your Mortgage in contrast, replaces your existing Mortgage or Mortgages with a new one for the same balance.

There are many ways to approach a cash out loan. It may make sense to simply look at a new Traditional Refinance or at a  2nd Trust deed or HELOC and you keep your current first Mortgage in place. We look at all solutions.

For a Free Mortgage Analysis and to learn more phone Dan direct at 866-310-1112 or email danc@dansrealestateloans.com