a cash-out refi could help you pay for the project. That’s just two possibilities. In the final analysis, it’s a matter of running the numbers. And it’s really pretty easy. Using a mortgage refinance.
As with most cash out refinancing programs, the more equity you have, the better position you’ll be in to qualify and reap the benefits of a new loan. For a non-owner occupied refinance, most lenders will loan up to 75 percent of the appraised value of the home, the maximum set by Fannie Mae.
Check out our latest. over 5 years . You can see in the image below, how Prodigy Gold’s cash levels have changed over time.