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What banks are better to go through for a cash out refinance?

  • April 14 - Stone Mountain
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Answers (11)

Please check us out at New American Funding!
  • April 16
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In a nut shell, you just need to make sure that you are dealing with a mortgage PRO...who will guide you properly through the process...in the end, it really DOES NOT matter whom you make your payments to, as the final transaction is government regulated, and the terms you agree to will be BINDING..

good luck IN FINDING YOUR LOAN PRO!

RANDY
  • April 16
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Profile picture for skpartygroup
Thank for you that information. i will be researching mortgage companies. Thanks again!!
  • April 15
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Profile picture for skpartygroup
Thanks for your responses. You have given me some really good information. I will start researching mortgage companies. Again thanks!!
  • April 15
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I recommend that you check out multiple lenders, not just banks. Major banks can be known for having slow and poor service at times, so why not check out mortgage companies as well. Mortgage companies can give you great service when it comes to a cash-out refinance. The best thing for you to do is to speak with a knowledgeable lender to see if you can get started on refinancing for your situation. If you need additional assistance, feel free to reach out. Good luck!
  • April 15
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Profile picture for CA Direct Lending
There is no need to talk to a lender in your area and exclude a lender who is not in your area.  A local appraiser determines the value of your home, not a loan agent.

And to say that there is no difference from lender to lender on what can be offered for your cash-out refinance is absurd.  Try entering your scenario using the Mortgage tab above and see just how different what is offered can be. 
  • April 15
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We can help.  Happy to reveiw.  Thanks
  • April 15
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Post a loan request on zillow and receive a few different quotes.  
  • April 15
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Profile picture for GMerino

I would get a few quotes from a few places and see what is good for you.  Get to know the loan officer as well as they will be handling your loan.  You and the loan officer need to build a good relationship from the start.

  • April 15
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The most important aspect is that you are working with a knowledgeable pro that will guide you thru the process seamlessly.....while getting you the best deal possible...that s the main KEY..

good luck

randy
  • April 15
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There is no advantage in Bank versus Broker when it comes to a Cash-Out Refinance.   My advice is to talk to a couple of mortgage professionals in your area to see if they have tools that will assist in determining an approximate value of your home upfront so you can determine if you can get the cash out you're hoping for.

The reason it's important to work with a lender in your area is because they will likely have a better feel for your area, and offer solid advice on value and reasonability of your request before you spend money on an appraisal that might not be favorable.

Most have the same debt-to-income limitations, so you won't see much difference from lender-to-lender on what can be offered in cash out of the property.

I hope this helps!

Good luck!
  • April 15
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