For borrowers with immediate high-cost needs, a cash-out loan allows homeowners to refinance their existing home loan for more than is currently owed and receive the difference in cash. An increasing number of homeowners are tapping into the equity they have accrued and refinancing their mortgages with cash-out loans.
Advantages of Cash-Out Loans
- Quick Cash Pittsburgh homeowners can pay for pressing high-cost needs such as auto loans, college tuition or higher interest-rate credit cards by accessing the equity they have built in their home.
- Refinancing with a Lower Interest Rate Cash-out loans often offer lower interest rates than other loan options. With current interest rates near all-time lows, homeowners may be able to save even more money and get a lower monthly mortgage payment if they refinance with a cash-out loan.
- Fund Goals While homeowners can use the cash to pay off expenses, they can also use the money to achieve their goals of starting their dream business, paying for major home improvements, or investing in property.
Cash-Out Loans with Golden Oak Lending Pittsburgh
At Golden Oak Lending Pittsburgh, our personal loan experts will work with you to refinance your existing home loan to fit your personal financial needs. With years of professional experience and great low interest rates, Golden Oak is helping more homeowners than ever take advantage of the many immediate financial benefits of cash-out loans. Contact our local Cranberry Township office today and learn how to make your finances work for you!