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Refinance & Home Equity

Cash-Out Refinance

Turn your equity into cash.

Overview

A cash-out refinance replaces your existing mortgage with a new, larger loan, letting you access your home's equity for renovations, debt consolidation, or other major expenses.

Ideal For

Homeowners with built-up equity who need funds for a large expense or to consolidate debt.

Program Highlights

  • ✓Sufficient home equity required (varies by loan type)
  • ✓Can be used to consolidate higher-interest debt
  • ✓New loan replaces your current mortgage at a new rate/term

Program terms and eligibility are subject to underwriting guidelines and may vary. 1st 2nd Mortgage Co. of N.J., Inc. is licensed in DE, VA. NMLS # 115981.