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Cash Out Refinancing

A cash-out refinance basically replaces your existing mortgage with a new loan that:

  • Pays the balance of your current mortgage
  • Uses the equity you have built on your property to provide additional cash to use for other purposes

Advantages

  • Debt Consolidation: Use the extra money to pay off different types of debt, like high-interest credit cards or student loans.
  • House Improvements: Add more value to your home and make it more attractive to future buyers.
  • Money in the Bank: Having a savings fund helps give peace of mind and stability, so you can rest easy.
  • Tax-Deductible*: Planning to use the money from a cash-out refinance to buy, build, or significantly improve your home? Mortgage interest deductions may be available.

*Supreme Lending is not a licensed CPA or Tax consultant and therefore, cannot determine if your mortgage interest will be eligible as a tax deduction per IRS code. You are advised to contact a tax professional. This in no way implies you are guaranteed a tax credit.

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NOT A GUARANTEE, OFFER OR AGREEMENT. EVERETT FINANCIAL, INC. D/B/A SUPREME LENDING NMLS ID #2129 (www.nmlsconsumeraccess.org) 14801 Quorum Dr., #300, Dallas, TX 75254. 877-350-5225. © 2017. Information, rates, & programs are subject to change without prior notice. Subject to credit & property approval. Not affiliated with any government agency. Intended for Texas Consumers Only. Texas- SML Mortgage Banker Registration Residential Mortgage Loan Originator.