Cash-out refinancing allows you to borrow money on your home. For example, if a home is appraised at $100,000 and the borrower's outstanding mortgage loan is $60,000, it is possible to enter into a cash-out refinance transaction.

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 a better interest rate, reducing monthly mortgage payments – and it's tax-deductible.

How can we help?

If you want to learn more about this type of refinancing, give Southern Funding Alliance a call. We will find a program suited to your financial needs. We offer low, affordable rates on cash-out programs for owner-occupied homes and non-owner occupied homes.