Cash Out Refinance
Get cash at closing, repair your credit, and lower your monthly bills.
Benefits of a Cash-Out Refinance:
Has your home's value increased since you got your mortgage? You may qualify for a cash out refinance. This special lending program entitles you to:
- Get cash at closing
- Reduce monthly bills
- Consolidate debts
- Renovate or repair your home
Refinance before Values Drop
As the economy gets worse you may lose the opportunity to access this money. Property values hit all time highs in 2022, but rising interest rates mean that home prices may begin to drop. If that happens your unused equity may no longer be accessible.
Typical Requirements:
- Around a 550 credit score.
- Borrow up to 80% of your home's appraised value
- A Debt-To-Income Ratio (DTI) Of Less Than 50%
Ready to Apply?
Our team of licensed professionals are ready to craft you a fully custom analysis of your mortgage and help build your long term financial plan.
Oceanside Mortgage Company (nmls id# 80015) is a private corporation. Oceanside Mortgage Company is not acting on behalf or at the direction of hud/fha/va/usda or the federal government. This is not a commitment to engage in a loan transaction. All loan products and loan amounts may not be available in your area and are subject to credit and property approval pursuant to agency and investor guidelines. Information, rates, and programs are subject to change without notice. Other restrictions and limitations may apply. By refinancing your existing loan, your total finance charges may be higher over the life of the loan. Oceanside Mortgage Company is an equal opportunity housing lender. You can find additional information on Oceanside Mortgage Company at nmlsconsumeraccess.org
For More Information Call: (800) 955-8965
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