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Mortgage Broker Denver CO | Home Loans | Front Range Mortgage
Are you ready to purchase or refinance a home in CO? In Denver call (303) 500-1900 for your free consultation and get pre-qualified in one hour.
Need money for extra expenses? One lending product which may be able to help you to meet your cash-flow needs is a cash-out refinance.
A cash-out refinance is where you replace the mortgage you have now with one which carries a higher balance. When you do this, the difference between the two amounts is disbursed to you as cash. Thus the term “cash-out” refinance.
If you wish, you can pay off other debts with the money you receive through this type of refinance. This in turn can help you improve your DTI ratio and your credit score.
If you wish, you can pay off other debts with the money you receive through this type of refinance. This in turn can help you improve your DTI ratio and your credit score.
When applying the cash-out refinance money toward improvements or repairs to your residence, it is possible that you will qualify for a tax deduction.
If the improvements you make to your home using the cash-out refi money substantially increase its worth, selling the home later might more than offset the costs associated with the refinance.
You can often enjoy a more affordable interest rate on a cash-out refinance than you would for many other products which allow you to borrow against your home equity.
When you apply for a cash-out refinance, the following factors will be assessed:
Your credit score
Your debt-to-income (DTI) ratio
Your financial history
Your employment status
The status of your current mortgage
As your local Colorado mortgage company, we will work hard to qualify you for a cash-out refinance. We are Colorado Local, Colorado Only, Colorado Proud. We are especially proud to work with veteran homeowners toward fast and affordable cash-out refinancing.
If you qualify for a cash-out refinance, you could be closer than you think to getting the funds you need for debt consolidation, home improvement projects, or other needs. To get started Click below or call (303) 500-1900 in Denver.
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Colorado Mortgage Broker, Brian Murphy, Front Range Mortgage, LLC DBA United Mortgage Funding, LLC – Colorado Mortgage License #MB100020928 / NMLS #378844. Colorado Springs Office: 102 S. Tejon Street, # 1100, Colorado Springs, CO 80903. Denver Office: 12191 W. 64th Avenue, # 205, Arvada, CO 80004. Regulated by the Division of Real Estate http://www.dora.state.co.us/real-estate/index.htm(DORA)
Front Range Mortgage, LLC specializes in custom tailored low rate Colorado mortgage loans, debt consolation loans, second mortgages and home loan refinancing with personalized face to face service for clients in the metro Denver and front range area including Aurora, Arvada, Denver, Lakewood, Boulder, Fort Collins & Colorado Springs.