Addition Financial
home-loan-refinance

Cash-out Refinacing

Low rates + Get extra funds using your equity

If you are looking to lower your mortgage rate while also tapping into the equity of your home to access funds for your financial needs, we have you covered.

Cash-Out Refinance Details

Get a lower rate and use your equity to borrow additional funds for home repairs or other financial needs.

  • 10, 15, 20 and 30 year terms available
  • Up to 80% loan to value for single-family homes
  • Up to 75% loan to value for investment properties, second homes, lot loans & condos
  • Up to 65% loan to value for manufactured homes

Get Started

What is a cash-out refinance?

A cash-out refinance replaces your existing mortgage and with a new loan that is more than what you currently owe. The new loan may have different rates and/or terms and has a new amortization schedule. Cash-out refinancing pays off your existing first mortgage as well as any closing costs for the new loan. The remaining funds are provided to you as a lump sum that you may use for anything you'd like. 

How a cash-out refinance may benefit you:

  • Reduce the interest rate you are currently paying
  • Use the equity in your home to access additional funds
  • Transition from an adjustable rate mortgage to a fixed rate for stability
  • Pay off an FHA mortgage to eliminate mortgage insurance

We're here to help guide you and determine what's best for your situation.

Get Started

Start Your Cash-Out Refinance Now

Start Your Cash-Out Refinance Now