Tap Into Your Home's Value with a Cash-Out Refinance

Access the equity you've built in your home with a cash-out refinance from City Creek Mortgage. Consolidate debt, fund renovations, or cover major expenses with competitive rates and flexible terms.

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What is a Cash-Out Refinance?
A cash-out refinance replaces your existing mortgage with a new one for a larger amount, allowing you to access the difference in cash. It's a smart way to leverage your home's equity for various financial goals, like home improvements, debt consolidation, or education expenses.
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The Benefits of a Cash-Out Refinance
Lower interest rates
Potentially secure a lower interest rate than your current mortgage, saving you money over time.
Debt consolidation
Pay off high-interest debt with a lower-interest cash-out refinance, simplifying your finances.
Home improvements
Fund renovations or upgrades to increase your home's value and enjoyment.
Flexible use of funds
Use the cash for any purpose, from education expenses to unexpected costs.
Frequently Asked Questions
Common Questions About Cash-Out Refinances
open question How much equity do I need for a cash-out refinance?
Lenders typically require a certain amount of equity in your home, often around 20%. We can help you determine your eligibility.
open question Will a cash-out refinance affect my credit score?
Like any loan application, a cash-out refinance involves a credit check, which may temporarily impact your score. However, responsible repayment can improve your credit over time
open question How long does the cash-out refinance process take?
The timeline varies, but it typically takes a few weeks to complete. We strive to make the process as efficient as possible.
open question What are the closing costs for a cash-out refinance?
Closing costs include fees for appraisal, title search, and other services. We provide a transparent breakdown of all costs upfront.
open question Can I refinance my mortgage if I have bad credit?
While a good credit score is ideal, options may be available for borrowers with less-than-perfect credit. Contact us to discuss your situation.
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