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From our Blog

Explore the costs and fees of a cash-out refinance
What Are the Costs and Fees of a Cash-Out Refinance?
LoanDanny Staff
LoanDanny Staff

Closing costs are the fees you pay to finalize your refinance. They typically range from 2% to 6% of the loan amount, depending on the lender, loan size, and location. The costs of a cash-out refinance can be broadly categorized into closing costs, interest-related expenses, and other fees. In this article, we'll explore each category in detail.

Discover the differences between cash-out refinance and home equity loans
Cash-Out Refinance vs. Home Equity Loan: Which Is Best for You?
LoanDanny Staff
LoanDanny Staff

Cash-out refinances and home equity loans offer valuable ways to tap into your home’s equity, but they come with different costs, risks, and benefits. A cash-out refinance may be ideal if you want to consolidate debt or reset your mortgage terms, while a home equity loan is better suited for those who want to preserve their existing mortgage and borrow a smaller amount.

Learn how cash-out refinances work in 2025 with our step-by-step guide. Discover the process, costs, and benefits
How A Cash-Out Refinance Works: A Step-by-Step Guide
LoanDanny Staff
LoanDanny Staff

A cash-out refinance replaces your existing mortgage with a new one for a higher amount than you owe, allowing you to receive the difference in cash. This cash can be used for nearly any purpose, from renovating your home to paying off high-interest debt. Cash-out refinancing is a popular option for homeowners with significant equity, especially in markets where home values have risen.

Learn how to determine the maximum cash you can receive from a cash-out refinance
Top Reasons for Cash-Out Refinance in 2025
LoanDanny Staff
LoanDanny Staff

Is a cash-out refinance the right move for you? In this article, we’ll explore the top reasons to consider a cash-out refinance, how it works, and key factors to keep in mind before making a decision. Some popular reasons include renovating your home, paying off high-interest debt, or funding a major life event. Let's explore seven popular reasons why people use a cash-out refinance.

Learn how to determine the maximum cash you can receive from a cash-out refinance
What is the Maximum Cash Out Refinance Amount Possible?
LoanDanny Staff
LoanDanny Staff

In a cash-out refinance, you replace your existing mortgage with a new, larger loan and receive the difference in cash. The amount you can borrow depends on your home’s value, your current mortgage balance, and the lender’s policies. Let's walk through the steps to calculate the maximum cash-out amount.

What are lender credits?
What Are Lender Credits and How Can I Use Them to Lower My Closing Costs?
LoanDanny Staff
LoanDanny Staff

A lender credit is money offered by a mortgage lender to help borrowers cover closing costs. Sometimes the lender credit is enough to cover all of the lender's closing costs. Any leftover credit may be used for non-lender closing costs like prepaid taxes and homeowner's insurance, but cannot be used as part of a down-payment.

CFPB report confirms that borrowers experienced improved credit scores from cash-out refinance transactions as they often paid down other debts like credit card and auto loan debt
CFPB Report Finds Cash-Out Mortgage Refinance Borrowers Improve Credit Scores
LoanDanny Staff
LoanDanny Staff

A Consumer Financial Protection Bureau report reveals that cash-out refinance mortgage borrowers experienced an initial sharp improvement in credit scores

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