cash out Refi

December 27, 2018

Some Questions About Cash Out Refi Austin TX Answered

What is cash-out refi Austin TX? It is a refinance option that lets you tap into your home’s equity for cash that you can use for any purpose you choose. With this type of refinance option, you get a new mortgage loan that is larger than the existing one to convert home equity into cash. Why go for a cash-out refi? If your current home loan has a higher interest rate than you qualify for with a refinance and/or if you need a one-time cash infusion for a significant expense (e.g. home improvement), then a cash-out refi might be the best course of action to take. This type of refinance option is typically has a fixed interest rates, which appeals […]