In this type of transaction, the terms of the new loan will be dependent on the appraised value of your house. That will determine how much cash you can obtain over and above what you currently owe on your mortgage.
Let's say that you owe $100,000 on your current mortgage, which is at a rate
of 8.00%, and the appraised value of your house is $200,000. You are now
seeking a $120,000 loan at 6.75%. A cash-out refinance may help you in two
Reducing the Amount of Time It Takes To Pay Off Your Loan
Market your credit card services, merchant services, mortgages, loans, re-financing options,
real estate for sale or banking alternatives to one of the world's largest audiences.
Inquire about how to advertise with ChargeIt.com.