Mortgage Guidance

How can I stay in the Marital Home?

How is Alimony and Child Support Treated for Mortgage Purposes?

What About Our Second Home and/or Investment Properties?

How Does a Cash-Out Refinance Work?

Cash-out refinances are frequently utilized to settle the marital estate. The equity in the home is taken out through a new mortgage and the difference between the current mortgage balance and the new loan is then paid in cash to the borrower. The maximum loan amout is 80% of the appraised value of the home, so if the current mortgage is $50,000 and the home appraised for $100,000 the borrower would be able to receive $30,000 in a Cash-out refinance.

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