Take Cash Out

Is A Cash-Out Refinance Right For You?

With multiple ways to unlock your home equity, you may be wondering if a cash-out refinance is right for you. Some benefits of using refinance to get cash include:

• Typically, more affordable than other forms of lending
• No additional bills or loans to manage
• One, lump sum at closing
• Fixed-rate payments that won't change over time

Mortgage loans are subject to credit approval. By refinancing your existing loan, your total finance charge may be higher over the life of the loan. Application approval is subject to complete underwriting review based on program guidelines; not all applicants may qualify. Limitations may apply. This is not a commitment to lend. PHH is not licensed to do business or originate loans for properties located in Hawaii. Any equity cashed out in refinance will increase the mortgage balance owed on the property.