A person is putting a coin into a piggy bank.

Home Equity Cash-Out Refinancing in Arkansas

At the Dowden Mortgage Group, we specialize in helping homeowners leverage their property’s value to achieve their financial objectives—whether that’s consolidating debt, making home improvements, or covering significant expenses.

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What is Cash-Out Refinancing?

Cash-out refinancing allows homeowners to tap into their home’s equity and convert it into cash while refinancing their mortgage. This means replacing your existing home loan with a new one, often at a better rate, while receiving a lump sum of money that can be used for a variety of financial goals.

How Does It Work?

01

Evaluate Your Equity

Your home’s equity is determined by subtracting the remaining balance on your mortgage from your home’s current market value.

02

Choose the Right Loan Option

We assess your financial goals and recommend the best loan structure.

03

Access Cash at Closing

Once approved, you receive a lump sum of cash, and your new mortgage replaces your old one.

04

Repay with Manageable Terms

Your new mortgage is structured to provide favorable terms that align with your financial situation.

Who is a Good Candidate for Cash-Out Refinancing?

Homeowners with significant home equity looking for a way to access funds.

Individuals seeking lower interest rates compared to other loan options.

Those who want to consolidate high-interest debt into a more manageable mortgage.

Homeowners planning to renovate their home and increase its market value.

Those with stable income and creditworthiness who can benefit from refinancing.

Get Started with Cash-Out Refinancing