Cash Out and Home Improvements - CLS Financial
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Cash Out and Home Improvements

There are a variety of things you can do by pulling cash out from your home. By refinancing your mortgage, you can get extra cash at closing through a cash-out refinance.

Use equity in your property to help you obtain your goals

What is home equity? Equity is your ownership in your home, or the difference between what your home is worth and what you owe on the mortgages or liens. You can build and increase the equity in your home in the following ways:

  • The appreciation of your home’s value over time
  • Renovations or improvements made that increase the value
  • Cash provided for the original down payment (depending on value and market conditions)
  • Payments made toward the principal balance of the mortgage

What can a cash out refinance be used for?
Anything you want. Make improvements to your home, put money down on a second home or investment property, pay for school, take a vacation, purchase an automobile, fund your retirement … it is your cash, and you can do what you like with it! How much cash can you get from your home? Our mortgage calculator can show you how much your monthly payments would be with a new loan. Apply online to get cash from your home today.

What options are out there for me?
Our Close Loan Specialists can go over all of your refinance options to help you discover the perfect solution to your cash needs. We will show you the different programs and options for a cash-out refinance so you can confidently choose the right program for you. Reach out to CLS today to let us show you how to get cash from your home and guide you through the refinance process.