There are times in life when extra money can be useful. A cash-out refinance is one way to access funds that you can use for a variety of needs.

Why should you consider a cash-out refinance? This option has a number of benefits:

  • You may be able to take up to 100% of your home’s value as a cash-out
  • You may be eligible for low interest rates
  • You may not need to take out mortgage insurance
  • You can consolidate debt
  • The money can be used to pay off debt, which can save you money each month. It can also be used to make home improvements

If you would like to find out if a cash-out refinance is right for you, click the “Get Started” button below, or call Simplify Home Loans LLC at 888-690-1744. Our team members will be happy to help you find out if you qualify for a cash-out refinance, assist you in gathering the documents you will need for the process and submit your application to the underwriter.

Here are some examples of how we have helped our clients save money and get cash out of their homes:

John L – Ogden, UT
Reduced rate and payment, got over $28,000 in cash out

Loan ComparisonOld LoanNew LoanDifference
Rate3.500%2.380%1.120%
Cash Out$0.00$28,400$28,400
Mortgage Payment$958.00$900.00$58.00
Douglas T – Lake Charles, LA
Reduced rate, got over $31,000 in cash out and paid off debts saving almost $800 in payments a month

Loan ComparisonOld LoanNew LoanDifference
Debt Payment$2,070$1,272$798.00
Rate3.500%2.250%1.250%
Cash Out$0.00$31,250$31,250
Lynn K – Salt Lake City, UT
Paid off debts, saving over $1800 in payments a month, got over $68,800 in cash out and lowered rate

Loan ComparisonOld LoanNew LoanDifference
Debt Payment$3,281$1,481$1,800
Rate5.000%3.370%1.630%
Cash Out$0.00$68,800$68,800