For many homeowners, their property is the biggest and most valuable asset they own. If circumstances allow or require it, a mortgage can be a critical source of funds to pay off other debts, fix up or upgrade your property, or invest elsewhere. This refinance option basically allows you to refinance your mortgage for more than the current outstanding balance, allowing you to cash-out the difference. This option is also available for those homeowners or investors who do not currently have a mortgage and want to tap into the equity in their property for personal or investment purposes.
Finding the right refinancing option to maximize your cash-out potential can be difficult. Legacy Park Mortgage will work with you to understand which cash-out refinance loan program is the best option for you based on your specific financial goals. To learn more or to get started with the prequalification process, email us at email@example.com or call us at (305) 901-1791.