Cash out today for a better tomorrow.

With a cash-out refinance, you use the equity in your home to get cash. Tapping into your home’s equity is an ideal way to get extra money, and the beauty of a cash-out refi is you can use the cash for anything you choose.

You can pay off debt from high-interest credit cards or student loans, make home improvements, or even start a new business. The only limitation is your imagination.

Read below to discover what cash-out refinance is all about, and how to get started with the application process through American Freedom Funding Home Loans.

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What are the benefits of a cash-out refi?

The biggest advantage to a cash-out refinance is the obvious one – cash! You can use it to pay off debt, remodel, or even take a well-deserved vacation. But there are also other reasons to consider this option. It’s possible to refinance your existing mortgage and get a rate that’s lower than a line of credit. Also, because mortgage rates are typically tax deductible, there could be additional savings if you put the money you receive toward paying off debt.