Why Do a Cash-Out Refinance?

A cash-out refinance can be a smart move if you want to access the equity in your home. Here’s why you might consider it:

Benefits of a Cash-Out Refi:

• Lower interest rates (potentially)

• One monthly payment instead of multiple

• Tax-deductible interest (in some cases)

• Use funds for anything you like

What is a Cash-Out Refinance? It’s a mortgage option that lets you replace your current loan with a new one for a larger amount, taking the difference in cash. You can use this cash for home improvements, debt consolidation, or other financial goals.

Things to Consider:

• Higher monthly payments

• Closing costs

Next Steps: Curious if a cash-out refi is right for you? Contact Parish Lending to run the numbers.