Cash-out - Chantal Grayson Broker Realtor

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A cash-out refinance is a mortgage loan option in which an old mortgage is replaced for a new one with a larger amount than owed on the previously existing loan. Helping borrowers use their home equity to get some cash.

What is equity? A homes equity is the difference between what is owed on a home and what a home is worth at any given moment.

Working within the real estate mortgage business is a labor of love. As mortgage professionals we have a fiduciary (big word)… we have a duty to live by the Golden Rule! After all shelter is a basic need and pulling cash out of a home or investment property is not a small decision.

Most people seek cash out from their home because they are in need of a lump sum of money to complete fairly large projects; like room additions, major housing upgrades, purchase second home or investment property. Making sure the borrower(s) are paired with the right loan matters.


Single family residence 1-4 units as a primary residence, second home or investment property.


Real property owners receive a cash-out or rate and term refinance of your existing property to get liquidity or lower your payments.


Real property investment loans help people buy property to hold, rent or flip. Let's create new opportunities for generational wealth!


Do I Qualify?

  • Real Property Equity

  • Loan to Value

  • Borrower(s) DTI

  • Fico 620

Key Factors are not the only factors that lenders consider prior to offering a loan to a borrower(s). Talk to a qualified mortgage specialist to find out if you are qualified for a home or investment property loan. BOOK APPOINTMENT

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  • In a cash-out refinance, a new mortgage is for more than your previous mortgage balance, and the difference is paid to you in cash. Borrowers typically wrap the mortgage fees and cost to do the loan into the new loan amount.
  • You usually pay a higher interest rate or more points on a cash-out refinance mortgage, compared to a rate-and-term refinance, in which a mortgage amount stays the same. This is in part due to the inherent risk of increasing a borrowers loan amount.
  •  A borrower can request a certain amount of funds (equity) to be pulled out of the the subject property. However, a lender will determine how much cash you can receive with a cash-out refinancing, based on bank standards, your property’s loan-to-value ratio, and your credit profile.
  • Remember it’s about a borrower and or co borrower’s ability to repay the loan.

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