Wain Capital

(480) 336-3737

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    • Home
    • Loan Options
      • Mortgage Loan Options
      • Veteran Financing
      • Down Payment Assistance
    • Purchase
      • How Much Can I Afford
      • Home Buying Process
      • Mortgage Loan Process
      • Temporary Rate Buydown
    • Refinance
      • Refinancing your home
      • Cashout Refinance
      • Streamline Refinance
    • Calculators
    • Meet the Team
      • Zach Wain
      • Ashley Wain
      • Sharon Olson
      • Jonas Helstab
      • Taryn Baber
      • Andy Lasure
    • Mortgage Rates
    • Newsletter
    • Mortgage Blog
    • Reviews & Testimonials
    • Contact Us
    • Apply Now

(480) 336-3737

Wain Capital
  • Home
  • Loan Options
    • Mortgage Loan Options
    • Veteran Financing
    • Down Payment Assistance
  • Purchase
    • How Much Can I Afford
    • Home Buying Process
    • Mortgage Loan Process
    • Temporary Rate Buydown
  • Refinance
    • Refinancing your home
    • Cashout Refinance
    • Streamline Refinance
  • Calculators
  • Meet the Team
    • Zach Wain
    • Ashley Wain
    • Sharon Olson
    • Jonas Helstab
    • Taryn Baber
    • Andy Lasure
  • Mortgage Rates
  • Newsletter
  • Mortgage Blog
  • Reviews & Testimonials
  • Contact Us
  • Apply Now

Cash Out Refinancing

Refinance and Take Cash Out

Benefits of Cash Out Refi's

Cash out Refi's, refer to refinancing your existing home loan with a larger home loan.  Pretty simple, right?  Not so fast...  Cash out refinance loans have a different set of guidelines and pricing adjustments compared to a none cash out refinance or a purchase.  An example, if a home is appraised at $100,000 and the borrower's outstanding mortgage loan is $60,000, it is possible to get an 80% cash-out refinance 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 minus any closing costs or tax/insurance impounds.


What Are The Benefits?

Getting cash out on your home can have many benefits.  Every scenario is different!  But, many clients get cash out to pay off debt that is has a higher interest rate.  If you have a credit card at 18%, or a personal loan at 10%, getting cash out and paying that debt off with a lower interest rate can be very beneficial.

Other Uses: 
• Getting cash out to buy an investment property or second home
• Paying off a higher rate 2nd mortgage or Home Equity Line of Credit (HELOC)
• Paying off student debt 
• Getting prepared to pay for your children's college tuition


How Can We Help?

If you are looking for this type of refinancing, Wain Capital LLC can find a program suited to your financial needs. We offer cash-out programs for Owner-occupied homes and Non-owner occupied homes, with low, affordable rates.

Need Cash For Home Repairs or Remodeling?


Wain Capital, LLC, Arizona - 0951257 & 1825506 Zachary Wain, 207079, Wain Capital LLC, 1825506 Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, 1825506 Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, 207079 or Licensed by the Department of Business Oversight under the California Finance Lenders Law, 207079 NMLS# 1825506 Wain Capital, LLC (480) 336-3737 NMLS# CO-100507291 Zachary Wain (480) 336-3737

1825506 - 207079 Wain Capital LLC, 15721 North Greenway-Hayden Loop Suite 102, Scottsdale, AZ, 85260, 1825506 , Residential Mortgage Loan Company Zachary Wain, Residential Mortgage Loan Originator, 207079, Wain Capital LLC,15721 North Greenway-Hayden Loop Suite 102, Scottsdale, AZ, 85260

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