Cash Out Refinance Loan Guide Available At

SAN DIEGO, Oct. 9, 2013 /PRNewswire-iReach/ -- is a borrower advice website that provides detailed insights into the mortgage industry in a fun and entertaining way. The team at is devoted to help empower both first time and experienced homeowners with valuable resources, first-class knowledge and connections to top-rated industry professionals and has the mission of helping consumers and borrowers to obtain the latest information on mortgage lending trends, the real estate market and the U.S. financial landscape in order to help them obtain a home loan that they will love. In order to help borrowers find the best loans for their situations, the website is continuously updated with new materials that can help them understand the options that are available to them. A newly posted article from the website titled "What Is a Cash Out Refinance? (Clearing The Fog)" continues to help borrowers by explaining what a cash out refinance loan really does and why loan borrowers use this loan in particular.

Paying off a home's mortgage can often be an uphill battle for many loan borrowers. The Loan Love article begins by saying "It used to be that one of the goals of homeownership was to eventually pay off your home loans and live in your house mortgage-free. Sucker! Nah, just kidding. But it is true that in the past couple of decades, that kind of mindset has kind of gone by the wayside for a lot of people. Why? Well, for one thing, tax laws that let you deduct your mortgage interest are a big plus for a lot of homeowners: Pay off your mortgage and you lose one of the biggest tax advantages available to the average (i.e., not super-rich) person. Also, while your parents or grandparents may have had a difficult time accessing any equity they'd built up in their home over time, many lenders today have made it easy to tap into that equity with equity loans, lines of credit and the ever-popular cash-out refinance."

The Loan Love article further goes into detail that idea based around a cash out refinance loan is rather clear and straightforward. Sometimes a home's value may increase over time as the housing market changes which may lead to difficulty for some loan borrowers. When paying off a mortgage loan for their home, what was once an adequate home value price can lead into there being substantial gap from a jump in a home's value from the original value, possibly hindering a loan borrower's financial capability. This is where a cash out refinance loan comes in. This type of refinance allows a home owner to refinance the terms of their loan by request a new, bigger mortgage loan on top of it, allowing the loan borrower to access the equity they have built on their home. A prime example of this is given in the article:

"For instance, say you have a mortgage of $150,000 remaining on your home. Over time, the value of your home has increased to $250,000. That $100,000 difference is the equity you have in your home, and thanks to the cash-out refinance, it could be burning a hole in your pocket in just a few weeks. Of course, you typically can't access the entire amount of your equity. Usually, you're limited to a loan-to-value (LTV) ratio of about 80%, although some lenders may allow 90% LTVs (generally with a significantly higher interest rate as well as points – and you'll also have to pay private mortgage insurance)."

For loan borrowers, there can be many possibilities of why homeowners might want to take on a cash out refinance loan, as listed on the Loan Love article. Despite the reason, a home equity is still a homeowner's money, and using a cash out refinance can give loan borrowers the benefit of allowing them to access their home equity as well as help them to refinance to today's lower mortgage rates while saving a lot of money in the process. For more information on the basics and mechanics of a cash out refinance loan, please visit for the full article.

Media Contact: Kevin Blue,, 949-292-8401,

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