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Cash-Out Refinance 

Put simply, a cash-out refinance replaces your existing mortgage with another loan that:

  • Pays off your existing mortgage balance.
  • Uses the equity you have on your home for additional funds to use for other expenses.

Pros 

  • Debt consolidation: Use the extra cash to pay off the debt of a high-interest credit card or on student loans.
  • Improvements to your home: Add value to your home and make it more attractive for future buyers.
  • Money in your bank: Emergency savings offer stability and peace of mind, so you can rest easy.
  • Deductible taxes: If you use the money to buy, build, or improve your home, mortgage interest deduction may be available*.

*Supreme Lending is not a licensed CPA or Tax consultant and therefore, cannot determine if your mortgage interest will be eligible as a tax deduction per IRS code. You are advised to contact a tax professional. This in no way implies you are guaranteed a tax credit.

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NOT A GUARANTEE, OFFER OR AGREEMENT. EVERETT FINANCIAL, INC. D/B/A SUPREME LENDING NMLS ID #2129 (www.nmlsconsumeraccess.org) 14801 Quorum Dr., #300, Dallas, TX 75254. 877-350-5225. © 2017. Information, rates, & programs are subject to change without prior notice. Subject to credit & property approval. Not affiliated with any government agency. Intended for Texas Consumers Only. Texas- SML Mortgage Banker Registration Residential Mortgage Loan Originator.