Need cash? A cash-out loan is a refinance that allows you to access your equity to use however you want. Interest rates are low, so now is a good time to secure a great rate and get the cash you need.
Typical Cash-Out Reasons
- Home improvements
- College tuition
- Pay off higher interest debt
- Down payment for a different home
By accessing your home’s equity, you gain the cash at a low tax deductible interest rate.
There are several cash-out options available:
- Jumbo Loan–refinance up to 80% of home value
- FHA–refinance–refinance up to 85% of home value
- Conventional Refinance–refinance up to 80% of home value
- VA Refinance–refinance up to 100% of home value
If your goal is to cash-out, let River City take charge and handle the loan process for you.