If you have done your homework on obtaining a cash-out refinance, you already know banks charge you more for doing a cash-out refinance than a standard rate and term refinance. At CapWest, we do not think you should be penalized for wanting to take equity out of your home. Economic conditions are tough today which is why we created a special program for borrowers with good credit that allows you to keep more of your money and affords us the competitive edge to earn your business.

Is a cash-out refinance right for me?

First, let’s define a cash-out refinance. When you refinance your mortgage for an amount that is greater than what you owe on the existing mortgage then that is a cash-out refinance. Basically, it is a financial vehicle used to extract equity you’ve built up in your home.

Typically, borrowers take this path when they need cash to consolidate and pay down consumer debt, wish to remodel their existing home, finance a child’s education or have other economical needs requiring a cash infusion.

When you need cash, deciding where to get it requires some critical thinking and thoughtful planning. Speak with a CapWest Loan Advisor today and see if it makes sense to pull equity out of your home in order to meet your financial needs.

866.280.WEST