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Maximize Your Home Equity: Consider a Cash-Out Refinance

Homeowners facing large expenses or saddled with debt may want to consider a cash-out refinance.

These loans allow homeowners to borrow against the equity in their properties. In a cash-out refinance, the homeowner’s mortgage is rolled into a larger loan. They can then use that extra cash for whatever they need. 

“Many homeowners have built substantial amounts of equity in their homes over the last couple of years,” said Miguel Mouriz, vice president of Central Florida for New American Funding. He is based in Orlando, Fla. “You may consider this tool if you want to take advantage of all the equity you have built in your home.”

Miguel Mouriz NMLS #283155