Home  >  Mortgage Resources  >  Home Refinance  >  Get a Cash-In Refinance

Cash-In Refinance

Cash-In Refinancing Could Help Home-Owners Save Big

For a long time Cash-out refinancing has been a popular way for a homeowner to tap the equity they have in their home when refinancing. During the time when home values were rapidly escalating, cash-out refinancing made sense for many people.

Times have changed, and cash-in refinancing has become more prevalent. Cash-in refinancing is when a borrower brings cash to their refinancing in order to reduce the amount they owe on their mortgage for a variety of reasons. As home values have dipped and people have lost equity in their homes it has become a more and more widespread, especially amongst those who will be staying in their home for the long term, those with adjustable rate mortgages that will adjust to a less favorable rate, and those who cannot qualify for refinancing due to lack of equity.

Reasons for Cash-in Refinancing:

  • In order to improve the borrower's debt-to-income ratio to qualify for refinancing
  • To improve the borrower's loan-to-value (LTV) ratio in order to avoid paying for private mortgage insurance
  • To improve the borrower's LTV ratio in order to qualify for a government refinancing program such as the Homeowner Affordability Refinance Program
  • It can be a good investment vehicle in a low interest rate economic climate

Cash-in Calculator:
Check how much cash you need to bring in to get to 80% desired LTV?

Current mortgage rates are near their historic low but will probably increase soon. If you have yet to refinance and would like to explore the option of a cash-in refinance, call one of our mortgage experts today at 877-868-2503.

The bottom line is that even when a borrower adds cash to the refinancing of a home, the economics favor the borrowers in a meaningful way over the long-term.

For a free cash-in refinance or cash-out refinance analysis, click here.

Call a Total Mortgage expert now at 877-868-2503 to find out how we can customize a mortgage loan with some of the lowest current mortgage rates for you.

To see the current mortgage rates, visit our Current Mortgage Rates page.

If you have any questions that you would like to get answered by our expert mortgage brokers, please email us or call us at 1-877-868-2503.

Our visitors also found the following articles relevent to this topic:

Lock Your Lowest Rate

Call 877-868-2503 or fill out
this form now!