A cash-out loan is a refinancing option that helps Colorado homeowners use their home's equity to pay off debt, finance large purchases, or fund home improvement projects. When homeowners take out a new home loan for more than is currently owed on their mortgage, they can accept the difference in cash. For example, if you still owe $100,000 on your $200,000 mortgage, you can refinance your mortgage for a new $120,000 cash-out loan and take the $20,000 surplus in cash for other financial needs.
Golden Oak Lending Colorado
Phone: (720) 500-4653
Hours of Operation
Monday - Thursday 8:30 am - 5:30 pm
Friday 8:30 am - 5:00 pm
Advantages of Cash-Out Loans
- Competitive Rates and Monthly Payments The rates for a cash-out loan may be lower than other loan options, so Colorado homeowners can enjoy a lower monthly mortgage payment when they refinance.
- Finance Your Dreams Homeowners that refinance using a cash-out loan can use the cash to start a business, invest in a property, increase your retirement fund, and pay for major home upgrades and remodels.
- Pay Off Your Debt Colorado homeowners that are unhappy with your high-interest credit cards, car loans, or student loans can wipe out your debt when you refinance with a cash-out loan. Taking advantage of your home's equity can quickly and easily improve you and your family's financial situation.
The Golden Oak Lending Difference
Unlike many other mortgage companies, Golden Oak Lending shows our Colorado borrowers our current mortgage interest rates. We constantly monitor mortgage interest rates to ensure that our offerings immediately reflect the current rate. Our personal mortgage specialists understand that in Colorado's competitive housing market, transparency and efficiency are more important than ever, so we are always up-front about our competitive rates. Our goal is always to save Colorado homeowners money!
At Golden Oak Lending, all of our loan processes, from underwriting to closing, are handled in-house. An experienced loan officer will be your personal advocate for getting you the best home loan that fits your specific financial situation. Your personal mortgage specialist is your sole point of contact for the entire process, so there is no need to retell your financial story multiple times to different individuals within the same office. At Golden Oak Lending, you have the benefit of an experienced and qualified professional to guide you through the process of finding and qualifying for the right loan that meets your unique needs. Whether you are a first-time or veteran homebuyer, Golden Oak Lending makes getting the right mortgage a stress-free and quick experience, getting you into your Colorado home as soon as possible.