Cash-out Refinance
Benefits
Refinancing allows eligible homeowners to lower their monthly mortgage payments by securing a lower interest rate,* which leads to serious savings over the life of the loan. A Cash-Out Refinance allows you to turn a portion of the equity in your home into cash and refinance to a lower rate all at once.
*Interest rates are subject to change. Refinancing to a higher interest rate is generally not advised. Consult a Loan Originator to determine at what rate(s) you would begin to save money.
A better mortgage.
A better future.
We want to help you with your refinance needs. Contact us today or Find a Branch near you and together we can prepare you for your journey to financial security.
This extra cash can be used to:
- pay off debts
- supplement your income during these uncertain times
- add to your nest-egg
- or create an emergency fund
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More Resources
Open Mortgage offers a trove of resources from easy, quick videos to detailed educational resources. We’ve got you covered!