A cash-out refinance allows you to refinance your existing mortgage and take a new mortgage for more than you currently owe, getting the difference in cash. In the end, you will have one new mortgage that covers both your primary home loan and the loan for the additional money.
There are many considerations involved in refinancing a mortgage loan. Get the facts about the specific refinancing advantages available for you. Our PHH Mortgage loan consultant can help you navigate the details and requirements. Call us at
*Note: Any equity cashed out in refinance will increase mortgage balance owed on 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.