PA and FL Loan Advisors

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A Cash-out refinance enables you to take cash out of your home for whatever purpose you choose.

Generally, you are able to take up to 80% of the value of your home.

Example:  Your home is worth $500,000.00

                   80% of the $500,000 is $400,000.00

                   You owe $150,000 on your current mortgage

                   You can borrow up to $400,000, payoff the $150,000 and receive $250,000  for your own use.