In a cash-out refinance, you are refinancing your Florida mortgage for more than you currently owe. The resulting funds can be used for personal project, vacations, or school tuitions. A cash out refinance replaces your first mortgage and the interest rate is usually lower than the interest rates that available on a home equity loan in Florida. Borrowers should know that with a cash out refinance you are required to pay closing costs which can be very expensive. Contact your URL mortgage broker to analyze the advantages and disadvantages of this option.

• Analyze Your Savings
• Refinance Considerations
• Cash Out Refinance