Homeowners
Already in a home
Refinancing isn’t always the right move. Rate matters, closing costs matter, and so does how long you plan to stay. Enter your current loan — or send a photo of your statement — and Michael will give you an honest read.
Past clients
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Cash-out
What you could take out
Auto, cards, personal — the payoff amounts.
6.87% average advertised
Debt consolidation
$74,500
Typical max cash at 80% of the home’s value, after paying the current loan and rolling in other debts.
- New loan
- $303,500
- New loan vs. home value
- 67.4%
- Cash in hand
- $0
- Debts paid off
- $18,000
- Current principal & interest
- $1,929
- New principal & interest (30-yr)
- $1,993
- Debts dropped / mo
- $425
- Monthly room
- $361
Cash flow looks better on these numbers — worth a conversation.
- Conventional cash-out is estimated at 80% of the home’s value. Some lenders stay lower. No mortgage insurance at or under 80%.
- New loan resets to a 30-year term, so compare cash flow — not only the rate.