Hey community! Today we’re going to talk about cash out refinancing.
A lot of clients are constantly wanting to know: “What is a cash out refinance?”
This is where we pay off your existing loan, give you a new loan, a higher loan amount, and you get cash-in-hand to reinvest, pay off higher interest rate credit cards, etc. It doesn’t matter what you do but right now equity is at an all-time high while interest rates are at an all time now. So really there has never been a better time for a cash out refinance.
Interested in learning more? Just watch the video!