What are you Refinancing?
Choose the property type you want to refinance
House
Townhouse
Condo
Duplex
Mobile Home
From our Blog |
---|


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.


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.


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.


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.


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.


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.


LoanDanny Staff
A Consumer Financial Protection Bureau report reveals that cash-out refinance mortgage borrowers experienced an initial sharp improvement in credit scores
Get in touch with Danny today!
Your home refinance is one call away. I will get back to you immediately.
