Cristie Nelms

NMLS # 01848420

209-578-9000

admin@cornerstone.us.com

Cristie Nelms Compliance Manager

Cash-Out Refinances

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Cash-Out Refinances


 

Cash-Out refinances are refinances where a Consumer obtains a new loan that is larger than the loan they are paying off and the difference between the higher loan and the loan being paid off is received by the Consumer in cash after costs are paid.  Consumers apply for Cash-Out refinances to:
 
The benefits to Cash-Out Refinances can be huge.  While the benefits are many, here are a few to consider: