Refinancing Types

If you don't have a VA Loan but would like to take advantage of its competitive rates, easier qualification requirements and lower monthly payments, a cash-out refinance may be your best option.

A cash-out refinance loan provides you the opportunity to use the equity in your home and turn it into cash. Through this type of refinance, borrowers can receive up to 90 percent of the equity in their house. Whether it is for college tuition or to cover unexpected bills, the cash used in this type of refinance is yours to do what you please.

Whether refinancing a conventional, FHA, or USDA loan, the cash-out refinance option is available regardless of loan type. Many borrowers choose the cash-out refinance option over other types of loans because of the ability to repay the loan over a longer period of time, and, typically, the cash-out refinance option ensures a low interest rate.

A cash-out refinance provides access to cash from the equity you've built up in your home — and you're free to use the money for whatever you want.

To get started on your cash-out refinance, contact the experts a Veterans United Home Loans.