Cash Out Refinance

Home Refinance Services

Would extra cash from a refinance benefit your financial future? We can help you navigate the refinance process and options. specializes in home financing solutions for homebuyers in Colorado and the Denver area.

Understanding the best time to refinance and the requirements involved can feel complex. That’s why you need a trusted expert on your side.

There’s a lot of information out there, and you want access to the best available deals and rates. As Colorado mortgage experts, our team helps homeowners through the refinance process. Working with us offers peace of mind.

Contact us to schedule a FREE mortgage assessment.

What Is a Cash-Out Refinance?

A cash-out refinance is when you take out a new loan that allows you to borrow more than what you currently owe on the property. A loan that is larger than your current loan, gives you the difference as “cash-out” to you to do various things with that money.

Some examples include:

  • Consolidating debt.
  • Financing home improvements.
  • Investing in other real estate.
  • Investing in business opportunities.

Contact us to schedule a consultation.

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How Does a Cash-Out Refinance Work?

The beginning of this process is the same as when you are buying a home.  You will begin by either filling out a loan application (URLA) or calling in and having your lender fill one out for you. 

Having a lender determine what you are hoping to achieve and combining that with what you will qualify for will be an important step in getting you some concrete numbers and facts. 

Once you have numbers and facts and have decided to proceed, the next step is to get an appraisal, and submit the additional paperwork that underwriting will need to approve your loan.

Once your loan has a Final Approval, the last step is to close the transaction. At this point, you will sign the documents and wait for your funds to be distributed to you through a title company.  You will usually have to wait three days to receive these funds because of the three day Right of Cancellation you are afforded if you are refinancing your Primary Residence.

If you have questions about Cash-out refinancing, we’re happy to answer them. Contact us today to learn more.

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What Are the Benefits of a Cash-Out Refinance?

A cash-out refinance works well for many homeowners who have equity in their property and need extra cash. This is one of the best ways homeowners can access the equity that has been stored up in their home.

  • Borrowers can use the money for home improvements which can increase the home’s value.
  • Borrowers can consolidate other debts into one mortgage payment, often at a lower interest rate lowering monthly payments and improving cash flow.
  • Consolidating and paying off high-interest-rate credit cards or other debt may improve your credit score.
  • Borrowers can use their equity to purchase investment properties, which may grow wealth or provide passive income.
  • Borrowers can use cash-out loans to invest in their business or other business opportunities.

Refinancing and taking out more than you currently owe can be a difficulty choice. As mortgage and finance experts, we will evaluate your finances and help you make an informed decision.

Why Work with a Mortgage Bank for a Cash-Out Refinance?

Working with a mortgage banker gives you a trusted partner as you consider refinancing. At, we understand refinancing and what’s required to move forward. We work with homeowners in Colorado to locate and secure the best lending solutions.

We aim to provide top service that includes clear communication and a personalized approach. We maintain our high standards by limiting the number of clients we work with monthly.

As a local mortgage bank, we understand Colorado’s mortgage refinance process and requirements.

Start today with a FREE refinance assessment.

Cash Out Refinance FAQs

Typically, the excess funds you can receive from a cash-out refinance is a function of a percentage of the equity you have in your home. Most loan products won’t lend more than 80% of the appraised value of the property.  FHA and VA loans have exceptions that will go to higher amounts.  

We can walk you through the details and determine the loan options available to you based on your specific financial situation.

Refinancing your home usually does not have an impact on your credit report or score. 

In some cases, a cash-out refinance can benefit a credit score when the borrower pays off other debt with higher interest rates. We can work with you to evaluate how refinancing may affect your credit.

Some homeowners need extra cash to pay off excess debt, make home improvements, or invest in other real estate properties. In these cases, a cash-out refinance can offer financial relief or assist with building wealth.

Each case differs. We want to help you know your options and risks with refinancing. Contact us to schedule a consultation.

Colorado’s Knowledgeable Mortgage Refinance Bank makes refinancing easier. Homeowners have many financing options, which can make the process confusing. We help connect you to the best information to ensure you receive the optimal option for your financing future.

We help clients in Colorado and the Denver area refinance their homes. We will thoroughly analyze your finances to determine the best solution for you.

To start the process or learn more, fill out the CONTACT FORM or CALL US to schedule a consultation.

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