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How Does Cash-Out Refinance Work?

Paul and Madhu own a lovely two-story home that's appreciated in value over time.  They currently owe $90,000 on their home—it recently appraised for $160,000.  Paul and Madhu want to lower their interest rate.  They also want to replace the carpet upstairs, install hardwood floors downstairs, and have a little cash left on hand.  They figure they'll need about $20,000 in cash.

Madhu contacts MortgageEase.com, and goes through the easy loan process.  She and Paul are approved instantly!  The couple refinances their home for $110,000 at a lower interest rate, collects their $20,000 cash and starts picking out new carpet colors.

Ready to cash out?

Are you ready to save money, lower your interest rate and have cash on hand to take care of your needs?  Fill out our Quick Application below, or contact a MortgageEase expert to see if a cash out refinance is right for you.

Quick Application: Give Answers, Get Pre-Qualified

Ready to get started? Simply complete the form below and one of MortgageEase's expert loan counselors will contact you within 1 hour to complete your paperwork and start the Pre-Qualification process.

First Name:
 Last Name:
 Email Address:

(ie. name@website.com)
Home Phone:

(ie. xxx-xxx-xxxx) 		Work Phone:

(ie. xxx-xxx-xxxx) 		Loan Amount :

(ie. xxx,xxx.xx)


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Complete a full application and we'll pre-qualify you in one hour
or
Prefer to talk to a live person? Our friendly, knowledgeable loan consultants are waiting to take your
application over the phone! Call 301-528-0022 to apply.
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