Loan Program
Refinance & Cash-Out Refinance
Refinancing is not only a falling-rate move.
Overview
What this program is for.
A rate-and-term refinance is about the payment and the total interest you will pay. A cash-out refinance is about turning equity into capital for renovation, debt payoff or the next purchase. They deserve separate analysis, and Cameron runs both before recommending either.
Model a new payment in the calculator, then send it over and he will price it against what is actually available today.
Highlights
Refinance & Cash-Out at a glance.
Rate and term
Lower the monthly payment or shorten the term.
Cash-out
Access built-up equity for renovation, debt payoff or other goals.
Break-even math
See how long it takes for the refinance to pay for itself.
Honest no
If the numbers do not work, you will be told that.
How It Runs
The same four steps, every file.
01. Pre-Approval
A real pre-approval tells you your range, makes your offer credible to a listing agent, and sets the rest of the file up to move fast.
02. Loan Application
A defined document list, given to you once and up front, not drip-fed as a series of surprise requests.
03. Underwriting
Your file is reviewed and conditions are cleared as they come in. You are told where the file stands, not left guessing.
04. Closing
Documents are drawn and sent to the title company, and you sign.
Also Consider
Related programs.
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