Refinancing a home has many benefits, including debt consolidation. However, perhaps debt isn’t necessarily what has drawn you to exploring refinancing as an option for yourself. Another great advantage of owning a home is that it offers financial leeway. Having equity in a home can provide you the opportunity to travel the world, purchase the RV you’ve always wanted, or even buy a second home. In a cash-out refinance, all of these options can be possibilities.

The Advantages of Investing in Your Home

Cash-out refinancing has its rewards, especially if you’ve been thinking about remodeling your master bathroom lately. Using the cash taken out of a home equity, many Californians use the funds to invest in their homes once again. Through a cash-out refinance opportunity, homeowners can further build their home equity by making cost-effective home improvements, thereby increasing the value of their homes.

Cash-Out Refinance vs. Home Equity Loan

Many Americans get lost in the jargon that loan companies frequently use. For instance, a cash-out refinance is often confused with a home equity loan; however, they are distinctively different from one another. Home equity loans are generally established as second mortgages, which can further complicate an already complex financial situation. Alternatively, cash-out refinancing creates an entirely new primary loan designed to keep financial obligations simple and cost-effective. With the help of the experts at HMS Capital, you will never be left feeling uninformed in any stage of the loan or refinance process.

How HMS Capital Can Help

Cash-out refinancing begins with an application process facilitated by the professionals here at HMS Capital. We can help you determine if cash-out refinancing is the best option considering your financial standing and help you set manageable financial goals. Cash-out refinancing can significantly lower your monthly payment, and it can even help you achieve your desired financial milestones. HMS Capital was founded on the belief that families and individuals in California shouldn’t have to struggle financially to obtain the simple American dream of owning a home—contact us so that we can help you begin the transition to a more freedom-filled life.

Current Mortgage Products

  • 15 YEAR FIXED
  • No credit fees
  • No Appraisal Fees

*Rates subject to change without notice

Current Mortgage Products

  • 30 YEAR FIXED
  • No Credit Fees
  • No Appraisal Fees

*Rates subject to change without notice

HMS Capital Inc. a dba of Best Capital Funding NMLS ID: 303222, CA DBO license #01846368, loans made or arranged pursuant to a California Finance Lenders Law license. Colorado NMLS #303222, regulated by the Division for Real Estate; Florida – License #MLD1214, Ohio – License #SM.502062.000; Oregon – License #ML-5410; Pennsylvania – Licensed as a first mortgage banker by the Department of Baking License #51518; Texas – NMLS #303222; Washington – Consumer Loan Company License #CL-303222