Cash Out Refinance
Need to remodel your house or just need some cash for a rainy day? With soaring values, your home probably has significant equity. Convert that equity into a tangible item.
The most popular current option for refinancing is to take cash out of the home’s equity. When the value of the property has increased and/or the rates have dropped, homeowners can take the difference between the new loan and the home’s appraised value as “cash out.” The benefits vary from borrower to borrower, but it’s often an excellent way to consolidate debt or re-invest into the home by remodeling or improving its value. The proceeds are tax-free which adds to the appeal of this option.
Features of Home Equity Loans
Potential tax advantages
Consistent repayment for the life of the loan
Ability to consolidation other higher-rate debts
Flexibility to pay for large planned or even unexpected expenses
Low competitive rates and fees
Easy access to funds
If this speaks to you, then it’s time to explore the “how.” Need help navigating?
Contact EnTrust Funding today!
With the housing market and interest rates in constant motion, it’s a good idea to look at your personal finances and needs. At EnTrust Funding (ETF), we have a team of lending experts and a variety of programs for all types of homeowners. With a simple conversation we can help you determine the why and how of your refinancing opportunities. Give ETF a call today for all the answers.
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State Licenses: ARIZONA – Licensed as a Mortgage Banker by the Arizona Department of Financial Institutions No. 0944083; CALIFORNIA – Licensed by the Department of Business Oversight under California Finance Lender Law No. 60DBO69722 & License by the Bureau of Real Estate License #02034996; COLORADO – Mortgage Company Registration – Regulated by the Division of Real Estate www.dora.state.co.us/real-estate; DISTRICT OF COLUMBIA – Mortgage Lender License No. MLB1604483; FLORIDA – Licensed as a Mortgage Lender by the Office of Financial Regulation No. MLD1543; GEORGIA – Georgia Residential Mortgage Licensee – Licensed as a Mortgage Lender by the Department of Banking and Finance No. 59465; INDIANA – Licensed by the Department of Financial Institutions Mortgage Lending License No. 40326; LOUISIANA – Residential Mortgage Lending License; MARYLAND – Licensed as a Mortgage Lender by the Commissioner of Financial Regulation No. 22908; MICHIGAN – 1st Mortgage Broker/Lender License No. FL0021225 & 2nd Mortgage Broker/Lender License No. SR0021244; NEW JERSEY – Titan Mutual Lending Inc., 250 Commerce, Suite 220, Irvine, CA 92602 – Licensed by the NJ Department of Banking and Insurance; NORTH CAROLINA – Licensed as a Mortgage Lender by the Commissioner of Banks No. L-182713; OHIO – Mortgage Broker Act Mortgage Banker Exemption SM.502071.000; OREGON – Titan Mutual Lending Inc., License No. ML-5626; PENNSYLVANIA – Licensed Mortgage Lender No. 68373; TENNESSEE – Mortgage License No. 164201; TEXAS – CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.; VIRGINIA – Licensed as a Mortgage Lender and Broker by the Virginia State Corporation Commission No. / NMLS: MC-6794 (www.nmlsconsumeraccess.org); WASHINGTON – Licensed by the Department of Financial Institutions under the Consumer Loan Act No. CL-1604483; WISCONSIN – Mortgage Banker License No. 1604483BA & Mortgage Broker License No. 1604483BR