Advantages of Oxford Cash-Out Refinancing

One major advantage of embarking on a cash-out refinance is that rates tend to be lower than the interest rates on other types of debt. This makes this a very cost-effective way to borrow money. On top of that, the interest rate you pay on any debt like credit cards or a home equity loan will be lowered if you use the refinancing cash you just acquired. Payments on your mortgage can also be more manageable if you choose to refinance your mortgage. Also, if market rates have dropped since the acquiring of your mortgage, a cash-out refinance will allow you to borrow money, lower your mortgage rate simultaneously. Contact Christine today to find out if a cash-out refinance is the best decision for you and your family!