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    • Home
    • Purchase
      • Purchase
      • Paperwork Needed
      • FHA Loans
      • Va Loans
    • Refinance
      • Refinancing
      • Cash Out Refinance
      • FHA VA Streamline Refi
      • Reverse Mortgages
    • Contact Us
      • Contact Us
      • About Us
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Cash Out Refinance

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Cashing out refers to the refinancing of a loan where the borrowers will borrow money on their own home. If a home is appraised at $100,000 and the borrower's outstanding mortgage loan is $60,000, it is possible to enter into an 80% cash-out refinance transaction for a loan of $80,000 (80% of $100,000). The new mortgage of $80,000 will pay off the $60,000 loan and leave $20,000 cash-out to the borrowers.

What are the benefits?

By cashing out on your home, you can obtain cash on the value of your own home to pay off debts or upcoming expenses. The refinance transaction can also provide you with a better mortgage loan interest rate that will save on your monthly mortgage payments during the loan. And it's tax-deductible.

How can we help?

If you are looking for this type of refinancing, Cabrillo Mortgage and Realty Services can find a program suited to your financial needs. We offer cash-out programs for Owner-occupied homes and Non-owner occupied homes, with low, affordable rates.

Copyright © 2018 Transparent Mortgage Solutions - All Rights Reserved. Transparent Mortgage Solutions is your go-to for your mortgage needs in San Diego, Poway, and Rancho Bernardo, CA areas. We can help you find the financial solutions to buy your home or investment property. We have  partnered with over 85

 lenders to ensure you the best terms available. Our expert staff is ready to help you find the right mortgage solution for your home. We look forward to serving you!                                                                                                                                                                                                                                                                                  

     Transparent Mortgage Solutions is DBA of Cabrillo Mortgage and Realty Services, DRE #01264205, NMLS #292211


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