A Cash-Out Refinance is a refinancing of an existing mortgage loan where the new loan is larger than the existing loan. The difference between the loans is paid out to the homeowner in cash. Cash-Out Refinance Loans do require homeowners to pay closing costs and interest.

Typical Items Needed for a Cash-Out Refinance:

  • Loan Application
  • Borrower Authorization
  • Bank Statements
  • Picture ID
  • Loan Submission Form
  • Home Owners Insurance
  • Certificate of Business Purpose
  • Mortgage Statement for Payoff Information

If Property is Leased/Rented:

  • Lease agreement

If Corporation:

  • Articles of Incorporation
  • Bylaws
  • Statement of Information
  • Form W9

If LLC:

  • Articles of Organization
  • Statement of Information
  • Form W9

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