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by Lindsey Peterson / Apr 27, 2018

Cash Out Mortgages - What are the Benefits for Charlotte and Raleigh customers

As home prices continue to climb and rates tick up, more and more of our customers in Charlotte, NC and Raleigh, NC are utilizing their home equity to get cash out of their homes.  Below are a few examples of customers we’ve helped recently.

money growing out of ground

Debt Consolidation Loan in Charlotte- Customer had approximately $35,000 in credit card debt and two personal loans totaling $15,000 for a grand total of $50,000.  Taking advantage of record-high home prices, our borrower was able to cash-out and combine all of their debt into one mortgage, saving over $900 per month.

Home Improvement Loan in Raleigh- Borrower utilized their home equity to cash out $100,000 for a 3-season sunroom as well as a new pool.  

FHA to Conventional Conversion Mortgage in Charlotte- Our customer had an FHA Mortgage with costly monthly mortgage insurance.   Utilizing their new-found home equity, our customers were able to refinance with no-closing costs and get rid of $200 a month in mortgage insurance.

Save Money

Lower interest rates and low margins with no lender or origination fees.