Cash-Out
Refinance
in Ohio

Free Home Refinance Analysis

If you are in search of a way to give yourself the financial liquidity that you need to make repairs or improvements to your home, or you are hoping to consolidate your debts, one of your options is a cash-out refinance.

What is a Cash-Out Refinance?

A cash-out refinance is different from a traditional refinance. With a traditional refinance, the new mortgage carries the same balance as your previous one. What a cash-out refinance, the balance on your new mortgage increases.

This increase over the original amount is disbursed to you in the form of cash, thus the name “cash-out” refinance.

Ohio Cash-Out Refinance Benefits

The interest rate for a cash-out refinance is generally more competitive than that for a home equity loan or home equity line of credit.

It may be possible to refinance to a lower interest rate than you are paying now.

A cash-out refinance can be used for consolidating your debts.

The interest payments you make on your mortgage are tax deductible, which can add to your savings if debt consolidation is one of your reasons for obtaining a cash-out refinance.

Is a Cash-Out Refinance in Ohio Right
For You?

You must have significant equity in your home to qualify for this type of refinance.

There are closing costs and fees when you get a refinance, so you will need to make sure that you will be able to afford them.

A cash-out refinance is a great option if you want to convert a large amount of equity into cash. Even though you cannot borrow against 100% of your home equity, you could borrow against as much as 90%.

PMI may be required depending on how much equity you borrow against. The higher the percentage, the more likely it is you will need to pay for PMI every month.

What Our Clients Are Saying

Joshua Yakunich
Joshua Yakunich
18:29 14 Oct 19
James was a pleasure to work with. I truly felt like he was working for me, to help me through the process of buying a home. He also offered excellent tips on how to structure the loan when it came to the down payment and buying points. I’d recommend him to anyone.read more
Marcus Gorman
Marcus Gorman
16:08 14 Oct 19
James and his team were incredibly helpful with our refinance. Always available, always helpful and never put out by change requests this was truly a great experience. We look forward to completing our kitchen remodel. Thanks again James and Liberty!!!read more
Bobbi Jo Cea
Bobbi Jo Cea
13:56 15 Aug 19
it's been a few years since I bought real Estate. I can tell though James and his team at Liberty Capital were amazing during the process. They were able to find the product to get my deal done, a rehab loan is a little different. Their team made my dream home a reality!read more
Bobbi Jo Cea
Bobbi Jo Cea
13:56 15 Aug 19
it's been a few years since I bought real Estate. I can tell though James and his team at Liberty Capital were amazing during the process. They were able to find the product to get my deal done, a rehab loan is a little different. Their team made my dream home a reality!read more
Jeff Musi
Jeff Musi
16:07 14 Aug 19
Used Liberty Capital for a refinance and was pleased with the ease of getting it done. Everything went smoothly and their automated system was very efficient for information transfer. James and his team did an outstanding job! If you are getting a loan or refinance, I strongly suggest that you contact this team.read more
Jared Kenyon
Jared Kenyon
15:21 14 Aug 19
James is the ultimate professional and was able to make a very stressful process very smooth. He has a unique ability to look at all scenarios in a unique way so that you get the best deal possible. I would definitely recommend James McBain to any friends or family who are looking to purchase or refinance a home.read more
Brian Ramey
Brian Ramey
00:36 21 Jun 19
This is the second time we have worked with James getting financing for a home purchase. He has been amazing to work with both times. He is extremely knowledgeable, responds quickly and just someone you know you can trust- which is extremely important when making such a large purchase. I would recommend James to anyone!read more
Marc s
Marc s
16:33 29 May 19
Ken, James and the whole team at liberty loans are the only people I would ever recommend for a home loan or refi! To put it simply, they just know how to get the deal closed!
Stefanie Villasante
Stefanie Villasante
14:30 29 May 19
Liberty Capitol was great to work with. Ken, James, and ESPECIALLY Laura all made the closing process so smooth and easy. If I needed anything they were an email, phone call, or text away. They kept costs low for me, and saved me money on my closing. If I ever buy another house, I wouldn't hesitate to use them again. Great team, nice people!read more
Lani Ciera
Lani Ciera
13:39 22 May 19
My husband and I just closed on our first home yesterday and we couldn't have done it without James and his amazing team at Liberty Capital Services! James actively worked with us throughout the entire process; helped us to improve our credit, didn't pressure us or make us fear for this huge purchase, and made the entire process enjoyable and stress free! He and his team are amazing and truly care about their clients. Thank you Liberty Capital!read more
Ian Mcmahan
Ian Mcmahan
11:17 22 May 19
If you are thinking of buying or refinancing your new home, well look no further! James from Liberty Capital made our first home buying process effortless and stress free. He and his team were absolutely amazing and we were lucky enough to have worked with them!read more
Alexandra Tran
Alexandra Tran
20:00 22 Apr 19
I had a great experience with Liberty Capital. They made the process extremely easy and I was able to close sooner than expected. They really made the process seamless and I recommend them to anyone looking to buy a home!read more
Robert Moore
Robert Moore
19:42 22 Apr 19
I strongly recommend Liberty Capital. They were straightforward and were extremely FAST and HELPFUL with the entire process. I highly recommend Liberty Capital they were consummate professionals during the mortgage process.read more
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Apply Now for a Cash-Out Refinance

If you are ready to enjoy the benefits of a cash-out refinance in Ohio, please give us a call today at (614) 505-0620. We look forward to meeting you and discussing your needs during your consultation.

Free Home Refinance Analysis

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