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What else can I help you with?
Would you be able to do a refinance with a cash back loan?
If you have enough equity in the home.
Is cash out refinance a wise choice?
A cash out refinance is a wise choice only if you can get it for a lower interest rate than your current mortgage. Otherwise, a home equity loan would be the wiser choice.
How can I refinance my mortgage to fund home improvement projects?
To refinance your mortgage for home improvement projects, you can apply for a cash-out refinance. This allows you to borrow more than your current mortgage balance and use the extra funds for renovations. Keep in mind that you'll need to meet certain requirements, such as having enough equity in your home and a good credit score. It's important to carefully consider the costs and benefits before proceeding with a cash-out refinance.
Can you refinance if you have done a cash out refinance before?
As long as you are otherwise qualified, yes you can. There is no limit to the amoutn of times you can refinance a home as long as each refinance benefits you as a homeowner. *It is important to note that Texas has some unique rules regarding cash out refinances. Source: I'm a loan officer.
Where can one get help for a cash out mortgage refinance calculator?
One can get help for a cash out mortgage refinance calculator on various finance websites. A dedicated agent will be happy to help you with the calculator.
What are the rules and regulations for obtaining a refinance loan in California?
The rules and regulations for obtaining a refinance loan in California are very simple, one should have available cash and enough savings to pay. If one has enough available cash, he/she obtains a refinance loan.
Do you get cash back when you refinance your car with the credit union?
When you refinance your car, you get a new loan for the remaining amount that you owe. You cannot cash out unless you sell the car for more than you owe.
I would like to refinance my home and maybe pay off some bills. My home has depreciated in value and I wanted to know if I still have shot at these great rates out there?
You cannot refinance and take a cash-out refinance unless you still have 80% equity in the home at its current value.
need to refinance a singlewide manufactured home on 20 acres with cash out do you know of anyone still doing this?
You can probably do this for sure. Please refer this to get an idea http://www.omniglot.com/onlineinfo/florida/financing-for-mobile-homes.html
How many times can you refinance your home in a year?
YES you can refinance your mortgage if you have been living in the home for a year. The difference between a rate/term refinance and a cash-out refinance is simple. A rate/term refinance is when you refinance to try and get a lower rate if maybe your credit has improved or you lower your term from say a 30 year to a 15 year. A cash out refinance is doing a rate and term plus using the equity in your home (mortgage balance and any other liens on the property subracted from current market value of home) to pull cash out to consolidate bills or home improvements, etc.
In what situation do we need to cash out our refinance mortgage?
A situation that would require a mortgage refinancing or cash out would be to obtain a better rate or borrow money against the home. The site named Discover has a nice calculator to help with the calculations.
How can I refinance my home without equity?
To refinance your home without equity, you can explore options such as a cash-out refinance, a home equity loan, or a government-backed program like the FHA Streamline Refinance. These options may allow you to refinance your mortgage even if you don't have significant equity in your home.
