Why Choose Easy Cash Out Refinancing

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Convert a portion of your home’s value into money.

Cash-out re-financing allows you to switch a part of your home’s value into money you can use however you need. It can be a treated for lastly paying off bank credit cards, consolidated financial debt, providing higher education or renovating your home.

How does it work?

Equity is the main distinction between your home’s value and how much you owe on your loan.

With cash-out re-financing you could receive a portion of the $100,000 in hand cash. For example, if you select to take $25,000 of this value In cash, your refinanced home loan will look like this:

Equity Turned Into Cash               $25,000

Plus What Is Still Owe                   $200,000

Your New Mortgage Rate              $225,000

It’s essential to know and remember that your new loan will be greater than your present loan. However, even with cash-out refinancing, it’s not uncommon for borrowers to receive a lower interest rate, or a shorter-term, both of which offer opportunities for new savings over your present loan.

You may use the amount of money however you like.

The cash-out choice is a great way to protect the expenses of predicted or surprising life events, and any other personal or financial needs you might have.

  • Pay off or you can pay down high-interest bank card debt
  • Consolidate several mortgage financial loans into only one single transaction at a reduced lower rate
  • Pay off automotive financial loans or other debts
  • Cover higher education or other college expenses
  • Remodel or renovate a home
  • Take care of all of your medical related expenses
  • Make real estate or other investments
  • Accommodate an increasing family, divorce or other daily life events
  • Even take an ideal vacation

There are a lot of ways to cash-out in which mortgage lending group can help. To discover more you would like to consult to our experts of The Lending Group Company. Call us today for a free pre approval 215-516-5555

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    Nature Of Business and services : We specialize in: PURCHASE – REFINANCE – CASH OUT -DEBT CONSOLIDATION – HOME EQUITY LINEs OF CREDIT.

    We are a full service Direct Mortgage Lender. We lend on Residential and Commercial Real Estate. (we *do not* do personal loans) we specialize in Fast Closings, Low Down Payments, Unique Loan Programs, High Loan To Value Cash Outs and the Lowest Rates on the Market Guaranteed! We cater to First Time Home Buyers, Realtors, Real Estate Investors, Refinance Customers (Example: Lower you Monthly Payment and Interest Rate). Debt Consolidation for Existing home owners.

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