Cash Out Refinance Programs

Are you looking to use your home’s equity to pay off high interest debt or possibly renovate your home? A cash out refinance could be your best option.

Michigan Mortgage Solutions is here to help! We have dozens of lender partners ready to compete for your cash out refinance business. Our expert team will customize your refinance and find the absolute best options with the lowest rates and also the lowest fees.

Our goal is to help you leverage your home’s equity in a way that is tailored to your specific situation. There are so many opportunities available and we will walk you through the best options based on the goals you wish to achieve.

Most homeowners use a cash out refinance to accomplish three goals;

• Goal #1 – Pay off high interest debt to save on interest and improve monthly cash flow. Most consumer debt including credit cards and auto loans have really high interest rates. When consolidated into a mortgage, the interest rate is much lower and so is the total payment.
• Goal # 2 – Fund a renovation project without taking on another loan or increasing their monthly payments. Mortgage rates are typically lower than any other loan option and the repayment terms are typically the longest. This allows homeowners to borrow the funds needed to renovate without having to increase their monthly payments.
• Goal # 3 – Invest the proceeds to compound interest. Your homes equity has no earning potential when it isn’t being used. If you invest it in an interest bearing investment like real estate, the stock market or even Bitcoin, your equity can now start earning for you.

Cash-out refinancing can be a great way to improve your life and finances. No matter what your goal is, Michigan Mortgage Solutions is here to help.

Simply click Get Pre Approval Now button right now and take our quick 45 second to get started! You can use our easy-to-use online application that takes less than 10 minutes, or call us at 248-963-1894. We’ll be happy to answer any questions you may have.