Finance Your Dreams
With a Cash-Out Refinance
Your Home Is a Valuable Asset — Leverage It
To make the most of your home’s equity, you need to understand when a cash-out refinance makes sense and find the right loan for you. We empower you with the necessary information so you can move in the right direction.
We know cash-out refinances and the ins and outs of Seattle’s housing market. If you’re looking for someone who can answer all your questions, including the ones you haven’t thought of, you’re in the right place.
Many homeowners use the cash they receive from their cash-out refinance to pay off other debt. This is especially beneficial if the other debt has higher interest rates than the refinance loan, and removes the need to worry about various monthly payments, as all the debt is consolidated into one loan. Mortgage interest payments are also typically partially tax-deductible, providing an even greater benefit for the homeowner.
Using the cash from cash-out refinancing for home improvements, such as a home renovation or expansion, is also common. If you get a low enough rate, you may even be able to reduce the overall cost of your loan and cash out without increasing your mortgage payments.
You may know what you’re doing, but that doesn’t mean you have to do it alone. Unlike banks, which will treat you like a number, Seattle Mortgage Planners meets you where you are, works to understand your specific situation, and then guides you toward your cash-out refinance. We’ll be with you every step of the way and available to answer questions at any time, including evenings and weekends.
Making the right decision requires being aware of all of the variables. For instance, fixed-rate mortgages are most common, but an adjustable-rate mortgage may make more sense if you don’t plan to stay in your home long-term. Spending more to get a lower rate won’t always save you money in the long run, and in an expensive housing market like Seattle’s, smaller differences in rate than are usually worthwhile often justify a refinance.
These considerations are just the tip of the iceberg, but we can walk you through everything you need to know.
We don’t just find you the right loan — we also make the cash-out refinance process as pain-free as possible. This starts with us clarifying the steps and helping you assemble the necessary documents, and ends with us providing secure financing backed by a strong funding infrastructure and lender base so you can have peace of mind. In between, we’ll be shopping the constantly changing rates to find the right one for you.