Cash-out refinances allow borrowers to access the equity in their homes and get cash at closing. The existing mortgage and any liens on the property are paid off and replaced with a refinanced mortgage.
Many people use cash-out refinances to pay off debt such as credit cards, auto loans and student loans or to consolidate their debt into fewer payments. A cash-out refinance may require that the lender pay off outstanding debt at the closing table.
Home Remodeling, Home Improvements
Cash-out refinances are also often used to fund home remodeling and home improvements. Postal Credit Union offers Home Equity loans too. Explore your home equity loan options.
For life’s expected and unexpected events
Whether you have a wedding to pay for, college tuition, dream vacation or other expenses a cash-out mortgage refinance at PCU Mortgage may be a good option.
Contact PCU Mortgage to see if a cash-out mortgage refinance is right for you.