A cash-out refinance allows you to borrow from the equity you’ve built in your home, often at lower interest rate than other loans, and receive cash that can be used for just about any purpose. It can.
Learn how cash out refinancing works, compare cash out refinance to home equity line (heloc), see how to do a cash out refinance of second or investment .
discuss closing-cost fees for cash-out refinancing with your loan officer. Consider how a cash-out refinance will affect timing for paying off your mortgage. call 877.907.1012, email us or find a loan officer to learn more about Cash-out Refinancing with SunTrust Mortgage.
The Department of Housing and Urban Development (HUD) is reducing the amount of equity that can be withdrawn from a home using either a federal housing administration (fha) or a Veterans.