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Cash-Out Refinance Loans | Tap Your Home's Equity | InterLinc Mortgage
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A cash-out refinance is a refinancing of an existing mortgage where the new loan amount is higher than the current loan balance, and the borrower receives the difference in cash. This allows homeowners to convert some of the equity they have built into cash, providing flexibility for a variety of financial needs.

 

Common reasons homeowners use cash-out refinancing include:

  • Financing educational expenses
  • Making large purchases
  • Home improvements or renovations
  • Taking a dream vacation
  • Covering unexpected financial setbacks
  • Paying off high-interest credit card debt
  • And more

*Restrictions and state guidelines may apply.

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