Ohio- There has never been a better time to refinance your home to pull cash out. That's because of a little-known government program called the Cash Out Refinance Program guarantees eligibility to the majority of homeowners who are current on their mortgage, but could benefit from their home equity.
This is easily the best refinance option offered, even surpassing HARP, which expired on 12/31/2018.
More than 80% of borrowers who refinanced in the third quarter chose the “cash out” option, withdrawing $14.6 billion in equity out of their homes, according to government-sponsored mortgage corporation Freddie Mac . That is the highest share of cash-out refis since 2007.
Stimulus Package: Cash Out and Get Thousands
If you took out a 30-year mortgage on your home, you’re not alone. And you could be paying tens of thousands of dollars in unnecessary interest over the course of that loan without taking advantage of a cash out. But not to worry. The cash-out refinance program is designed to empower homeowners with a better mortgage.
Lock In Now While Rates Are Still Low
But here's the catch – rates will likely rise further. The sooner you lock in the sooner you are immune to future rate hikes. But the good news is, once you're in, you're in. If you thought of cashing out, the time to act is right now.
Quick Version: Smart homeowners are using a free program to get thousands a year. There’s absolutely NO COST or obligation to see if you qualify. Click here to see if you qualify.
WHAT ARE EXPERTS SAYING: In a cash-out refi, a homeowner essentially trades in a mortgage for a new one with a larger principal balance. The borrower can then pay off the old mortgage and still pocket a chunk of cash. Lenders say that homeowners often use the cash for home renovations or to pay down other debt.Calculate your cash out here » Qualify today and you might be able to skip a month of mortgage payments–or more with the extra cash.
Don’t Miss Out - Qualify Today
Here's how: Simply tap your age below & answer the 3 qualifying questions on the next page to begin.