08 Jan 2022
How Long Can You Defer Your Mortgage?
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A cash-out is a refinancing and equity home loan where the funds are released directly to you instead of being put on a credit card or line of credit. Cashouts are considered high-risk loans because lenders can no longer guarantee that you use the loan for its intended purpose once the funds are released. In addition, some people use the cash out to make other loan repayments, meaning it will be challenging to repay their equity loan.
Our team of brokers will sit down with you and work to understand your financial situation. We want to offer you the best products that fit your needs. Before you apply for a cash-out loan, you need to weigh the benefits and risks to decide if it is the right option for you. Our brokers specialise in home equity loans and can help you find the right choice for you.