Cash Out Niche Options
Cash Out Refinance is one of the options to cash out some of your equity. It is a great way to borrow. You can refinance to borrow great amounts of cash at low fixed rates. We offer Cash Out Refinance up to $5M, with unlimited cash out.
1% Option ARM is a good program to cash out some of your equity if you are self-employed or having temporary cash-flow issues. This program will allow you to refinance, cash out your equity, and lower your minimum monthly payments. One thing to keep in mind about 1% Option ARM is that it will result in negative amortization. If you are always making just your minimum monthly payment on this loan, your balance will increase. This cash out refinance program is available with low or no closing costs.
Home Equity Lines of Credit are a good way to cash out equity if you know that you can pay off your balance within a short period of time. If you know that you will not be able to do that within a few months, Cash out Refinance could be a better option for you. The rate on Home Equity Lines of Credit is adjustable and you will be paying high interest rate on the cash out. We offer Home Equity Lines of Credit up to $500,000.
You can contact our mortgage specialists for your no cost, no obligation, Mortgage Orientation.
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