Cash Out Refinance

Need money for home improvements, college or just to payoff those credit cards that are dragging you down?  Homeowners with equity in their home can turn their equity into cash. Cash out refinance is when the new loan is more than the existing mortgage and the difference is the cash out. Use that cash out money on whatever your needs are, education, medical, home improvements or paying down credit card balances.  The list is endless and by doing so you may even lower your interest rate.