A smart cash-out refinancing could open the door to a bright future. Put yourself in control by turning some of the equity you’ve built in your home into cash you can use right away.
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PAY OFF CREDIT CARD DEBT
A cash-out refinancing could help you make some serious progress towards paying down credit card debt.* And that’s a great feeling.
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IMPROVE YOUR HOME
Make your home perfect with the renovation of your dreams. The right improvement project could also pay for itself by increasing your property’s value.*
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CREATE A CASH CUSHION
Life is unpredictable. Ensuring you have cash on hand for emergencies or sudden changes is just plain smart.*
* A debt consolidation refinance increases your mortgage debt, reduces equity,and extends the term on shorter-term debt and secures such debts with your home.The relative benefits you receive from debt consolidation will vary depending on your individual circumstances.You should consider that a debt consolidation loan may increase the total number of monthly payments and the total amount paid over the term of the loan.To enjoy the benefits of a debt consolidation loan, you should not carry new credit card or high interest rate debt. A cash-out refinance increases your mortgage debt and reduces the equity you may have in your home.Your monthly mortgage payments may be higher.
REAL CUSTOMERS. REAL STORIES.
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**The cash-out amount is an estimate of the equity you may be able to withdraw from your home. It is based on our estimate of the current amount you owe on your home and our estimate of the current value of your home. For most conventional and FHA loan products, it assumes you can withdraw up to 80% of the equity. For VA loans, it assumes you can withdraw up to 90% of the equity. If you do not occupy the property, it assumes you can withdraw between 70-75% of the equity, depending on the number of units in the property. Taking cash out may increase the total number of monthly payments, your total finance charges and/or the total amount paid when compared to your current situation.
Information about your current loan was obtained from our servicing records.