Getting Cash Out of the equity in your home can make smart financial sense if you do it at the right time. Financial forecasting has predicted that interest rates are likely to rise by the end of 2018. If you are able to act before that occurs, it’s possible to save hundreds or thousands of dollars on your loan!
What You Need to Know
There are 3 important factors when it comes to getting cash out of the equity in your home. These are your credit score, the equity currently in your home and the terms of your mortgage. By taking a close look at all three factors you can determine if getting Cash Out is an option for you. Of course, you can always talk to one of our experts at NO CHARGE anytime and we'll do the work for you.
Understanding Your Credit
Many people think you need perfect credit to qualify for Cash Out and a low interest mortgage. Actually, that's not the case. Many of our providers work with people with average or below average credit on a daily basis, and we are able to secure very good deals. Check your credit score today, or talk to one of our experts and let them do the work.
Equity in Your Home
With each monthly payment you make on your current mortgage, you increase your ownership of your home. That is equity and it qualifies you to get Cash Out on your loan for home improvement projects, debt consolidation, college tuition or anything else you need. To determine your current equity you can contact your loan provider or you can talk with one of our experts, at no charge, and we will do the work for you.
Understanding the terms of your current mortgage is an important step before deciding if you should take Cash Out on your home. This involves looking at the interest rate, the number of payments made and the number of payments remaining on the loan. Our experts can find out this information for you in minutes.
We connect consumers with mortgage experts who provide custom solutions for any situation. We do this by partnering with the companies that provide these services and then letting you, the consumer, decide which solution suits your needs. Our goal is to help you find the right product to give you the very best value for your home financing needs.