Cash Out Refinance

Cashing out refers to refinancing a mortgage where the borrowers receive cash from the equity in their home. If a home is appraised at $100,000 and the borrower's outstanding mortgage loan is $60,000, it is possible to enter into an 80% cash-out refinance transaction for a loan of $80,000 (80% of $100,000). The new mortgage of $80,000 will pay off the $60,000 loan and leave $20,000 cash-out to the borrowers.

What are the benefits?
By cashing out on your home, you can obtain cash on the value of your own home to pay off debts or upcoming expenses. The refinance transaction can also provide you with a better mortgage loan interest rate that will help you save on your new monthly mortgage payments.  Mortgage interest, unlike other interest expenses, may be tax deductible for some borrowers, please check with your tax professional.

How can we help?
If you are looking for a Texas Cash Out Refinance, Riverstone Mortgage has a program suited to your needs. We offer cash-out programs for Owner-occupied homes, Second Homes, and Non-owner occupied homes with low, affordable rates.
 

Get Started!

Complete this 30 second form to receive a no obligation consultation. We will analyze your situation and determine the best solution.

Name*:
Phone1*:
Phone2:
Best Time:
Email:
Zip Code:
Loan Type:
 
Apply Online
Start funding your loan
Join Our Team

Free Newsletter Signup

Name*:
Email*:

Need More information

Call Us: (800) 836-5210
Email Us: info@riverstonemortgage.com

 

WE ONLY LEND IN TEXAS

Normal Office Hours: Monday - Friday 9:00am - 5:00pm CST  |  Nights & Weekends by appointment.

 

NMLS Licenses (TX): All loans originated as Secure Financial Services, Inc. NMLS #70160 www.securemortgagecompany.com ; NMLS Branch #342399; by Justin S Navaretta NMLS #319843. Riverstone Mortgage Partners, LP DBA Riverstone Mortgage NMLS #319748. Robin Deanice Mattern Independent Contractor Processor for Kell Processing NMLS #292063/348289. Riverstone Mortgage is a Registered Service Mark.  All content on this website is copyrighted and may not be copied or reproduced in full or in part.

 

Rates shown are subject to market conditions and may change at any time without notice. Your rate may only be locked by a licensed loan officer. Call 1-800-836-5210 to execute a rate lock. Not everyone will qualify. Rates shown are for a: conforming, purchase, primary, single family residence, in Texas, with >/=25% down payment, $275,000 loan amount, full income, full asset, full employment documentation, >740 middle credit score, with an escrow account, 30 day lock, without a second lien.