(734) 392-8300 APPLY HOME PURCHASE REFI TOOLS CONTACT US DOWN PAYMENT ASSISTANCE FHA VA USDA LOANS TESTIMONIALS CASH OUT REFINANCE FREE CONSULTATION Complete this 30 second form to receive a no obligation consultation. We will analyze your situation and determine the best solution. Name: Cell Phone: Work Phone: Best Time To Contact: BEST TIME TO CONTACT MORNING TIME AFTERNOON TIME EVENING TIME Email: Zip Code: Loan Type: REFINANCE HOME PURCHASE HOME EQUITY DEBT CONSOLIDATION HOME IMPROVEMENT FHA/VA - PURCHASE FHA/VA - REFINANCE CONSTRUCTION LOANS 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, Arbor One Mortgage Group 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. APPLY NOW! Equal Housing Opportunity Arbor One Mortgage Group ™ 2021 Privacy Policy | Contact Us 250 W Eisenhower, suite 100 Ann Arbor, MI 48103 Arbor One Mortgage Group is a division of Mortgage One, Inc. NMLS#129386 Mortgage Website Marketing This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. TOP