QUESTIONS?
CALL US (949) 476-5491

Cash Out Refinance

 

Cashing out refers to the refinancing of a loan where the borrowers will borrow money on their own 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 save on your monthly mortgage payments during the loan. And it's tax-deductible.

How can we help?

If you are looking for this type of refinancing, William Lyon Mortgage, LLC can find a program suited to your financial needs. We offer cash-out programs for Owner-occupied homes, Non-owner occupied homes, and No income verification with low, affordable rates.

 

 
 

Refinance

We can assist you in locking a long-term fixed rate or refinance and get cash out.  We can help!  To get started click here

Purchase

Purchasing a home will likely be one of the most important investments you'll ever make. We can help!  To get started click here

FHA loans

FHA home loans provide higher loan to value, lower rates and enable more people to qualify.  We're FHA experts... We can help!
To get started click here

 

 

 

Licensing Information  -  William Lyon Mortgage, LLC Licensing Disclosure

William Lyon Mortgage, LLC is a Delaware Limited Liability Company headquartered at 3420 Bristol Street, 6th Floor, Costa Mesa, CA 92626. Company NMLS #1189778 (www.nmlsconsumeraccess.org). William Lyon Mortgage, LLC is licensed, registered, or exempt from licensing to conduct business in the following states which require license disclosure on advertising materials: Arizona Mortgage Banker #0928369; Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act and the California Finance Lender Act. For State of Nevada residents William Lyon Mortgage, LLC is a mortgage lender promoting the loan products or services contained in this article; the business phone number that William Lyon Mortgage maintains on file with the State of Nevada Department of Business and Industry is (949) 476-5491. William Lyon Mortgage, LLC is an approved FHA and VA lender offering many loan products, and is not acting on behalf of or at the direction of HUD/FHA or the Federal government. Contact a William Lyon Mortgage Representative to learn more. This is not a commitment to lend. ©2017 William Lyon Mortgage, LLC. All Rights Reserved.