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I want to take out a refinance against my home, is cash out refinancing still available?

I have equity in my home and an interest rate of 5.5%. I want to do a refinance to a rate of at least 4.7%, if I can, and I want to take cash out for the full equity amount. Is this still possible? by HectorRomeroSon from Denver, Colorado. Feb 3rd 2011 Reply


Todd Tholl (toddtholl@leader1.com)
#4 ranked lender in Iowa - 239 contributions

Yes. Cash out loans are still available. I'd like to review your credit, income & current equity position before quoting you any terms. Doing otherwise is flat out irresponsible. If you'd like a no cost quote, please feel free to contact me anytime at 563-324-9937 or email me at toddt@mainstreetfin.com. I look forward to hearing from you.Todd Tholl

Feb 3rd 2011
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Rich Constantine (rconstantine)
#396 ranked lender in California - 79 contributions

Yes cashout is available. Usually up to 80% loan to value conventional and 85% FHA. Certainly any rate is within reach. 4.7 as of today is not available unless you buy it down. Get 3 different quotes and call it a day. I lend in all 50 States and have very low costs. Hope this helps. RC

Feb 6th 2011
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Daniel Lotter (dnllotter)
#27 ranked lender in Colorado - 58 contributions

Yes you can take cash out - of course there are qualifying factors to make your refinance transaction go through. Tri Star Funding is our compnay and we can go up to 90% of your home value "Cash Out". Better yet we can also get you an interest rate of 4.5% 30 year fixed. Please call me (Daniel Lotter - Owner) at 719-963-3002 my cell or 719-358-6214 office. You can also visit our website at http://www.tstarfunding.com/ Hope to hear from you soon.Thanks,Daniel LotterTri Star Funding, LLC719-963-3002 cell719-358-6214 office

Feb 3rd 2011
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Rob Koellner (Rob_Koellner)
#17 ranked lender in Colorado - 38 contributions

Look carefully at all options. Do not be sold on anyone that just advertises rates. If you live by rates, you will die by rate becasue someone will always figure out how to illustrate a better game. Make sure and look at the entire picture and costs before making any decisions.

Feb 3rd 2011
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Crystal Sheppard (csheppard@envoymortgage.com)
#19 ranked lender in North Carolina - 4 contributions

We have an array of products and programs and I can be reached at 828-273-3549 or csheppard@envoymortgage.com

Feb 4th 2011
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Patrick McCarthy (PatrickM)
#22 ranked lender in Ohio - 196 contributions

Hi. Definitely take a look at the total cost of the loan. I believe the max cash out available is 85% of the value of your home. Getting the full equity amount will not happen in today's market unless you sell the property for full apraised value. Rates are available at 4.5% fixed, but you would need pretty high credit scores to get that rate from any lender without paying points.Hope this helps.Patrick McCarthy Northpointe Mortgage 866-901-3576

Feb 4th 2011
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