Published On Premiered Jun 14, 2021
The best time to look at a cash-out refi is when property values are high. Not just because you can get more cash out, but because you can get better terms in general. With a cash out refinance, your rate is going to be a function of the remaining equity in your home, so the more the merrier. Also, having more options for additional cash can be really helpful depending on your objective. In this video, I run through the 3 different "lanes of consideration" for a cash out refinance and also shoot you straight about how to approach each mentally. Hope it helps!
If you know someone looking to use their VA home loan benefit to BUY or REFI, tell them to give me a shout! We offer no fees, no points and great rates every day!
Derrick Evens, VA Home Loan Specialist, NMLS 155010
[email protected], Call/Text 619.786.7853