You may have heard of a Cash Out Refinance, and with properties having so much equity in them right now, a cash out refi is a way to access that money to use for things such as other investments properties, to get a lower interest rate, do home projects, consolidate your debt, pay for college tuition, or what ever needs you may have. A cash out refi replaces your existing mortgage with a new home loan at a higher amount so that you can tap into the difference. There are limits as to how much of the equity you can borrow and loan terms and requirements will vary. A cash out refi enables you to take advantage of your homes value. If you are interested in learning more about this option give us a call or visit our website at PinyonRealEstate.com
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