5280Lend.com is here to simplify the mortgage process. We walk you through the details, including interest rates, down payments, monthly payments, closing costs, and more.
10 w - 333 W Hampden Ave Suite 755, Englewood, CO 80110.
#[35834] #[35835]
What Is a Cash-Out Refinance?
A cash-out refinance is when you take out a new loan that allows you to borrow more than what you currently owe on the property. A loan that is larger than your current loan, gives you the difference as âcash-outâ to you to do various things with that money.
Some examples include:
â Consolidating debt. â Financing home improvements. â Investing in other real estate. â Investing in business opportunities.
Why Work with a Mortgage Bank for a Cash-Out Refinance?
Working with a mortgage banker gives you a trusted partner as you consider refinancing. At 5280Lend.com, we understand refinancing and whatâs required to move forward. We work with homeowners in Colorado to locate and secure the best lending solutions.