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Hal Bradosti
NMLS # 2226225Mortgage Loan Originator
State Licensed: DC, FL, IA, MD, MN, NE and VA
Call or Text (703) 843-3969 - Email: info@hbradosti.com
NEXA Mortgage, LLC | NMLS # 1660690
www.nexamortgage.com
Mesa, AZ 85212
NMLS Consumer Access Link Click Here
🏡 Cash-Out Refinance: Turn Your Home Equity Into Cash
What Is a Cash-Out Refinance?
A cash-out refinance lets you replace your existing mortgage with a new, larger loan — allowing you to take the difference
in cash. It’s one of the most efficient ways to access your home equity for home improvements, debt consolidation,
or major expenses.
How It Works (Example)
Suppose your home is valued at $250,000 and your current mortgage balance is $100,000. You’d like to borrow $50,000
for renovations or debt payoff.
Here’s what happens:
Description Amount
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Current mortgage balance $100,000
Desired cash-out amount $50,000
Estimated closing costs $10,000
New total loan amount $160,000
Your new mortgage pays off the old one and provides you with $50,000 in cash at closing.
Cash-Out vs. Rate-and-Term Refinance
A rate-and-term refinance simply replaces your current loan with a new one at a lower rate or shorter term — the balance
stays nearly the same.
A cash-out refinance , however, increases your loan amount to include the equity you’re borrowing.
Because the loan amount and risk are higher, interest rates are typically slightly higher than rate-and-term refinancing.
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Why Consider a Cash-Out Refinance?
✅ Lower cost of funds — Mortgage rates are usually much lower than credit-card or personal-loan rates.
✅ Flexible use of funds — Remodel your home, consolidate debts, or invest.
✅ Single payment — Combine multiple debts into one manageable mortgage payment.
✅ Potential tax advantages — Interest may be deductible if funds are used for home improvement (consult your tax advisor).
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How Much Cash Can You Get?
The amount you can cash out depends on your home’s appraised value, your loan-to-value (LTV) ratio, and your credit profile.
Most lenders allow borrowing up to 80% of your home’s value (sometimes higher for qualified borrowers).
đź“‹ Example:
If your home appraises at $400,000, you may be eligible for up to $320,000 total financing. Subtract your current balance,
and the rest is available as cash out.
Ready to See How Much You Can Qualify For?
Find out how much equity you can tap today. Fill out this short form, Click Here , and I’ll personally review your scenario and contact you with options.
📧 info@hbradosti.com
đź“ž (703) 843-3969
Mortgage Refinancing or Home Refinancing
Buying a home is a major financial decision one needs to make. Home Refinancing is also can be intimidating. It literally
has to make sense in term of rate and closing costs before refinance your home. There has to be a “Net Tangible Benefit”
to the borrower before refinancing a home. In other words, there has to be a financial benefit to the Borrower such as
changing ARM to fixed term with lower interest rate and/or removing PMI (Private Mortgage Insurance)/ removing MI for
FHA loan. Some borrowers refinancing their home to get Cash Out. Click Here to learn more about Cash Out Refinancing
Lowering monthly payment or shorting the term of the loan are main reasons to refinance your home. You can potentially
save thousands of dollars over time. When you refinance your home, it means you are paying off current mortgage and
replacing it with a new one. The goal is to get a new loan at a lower interest rate so you can have lower monthly payment.
Another reason to refinance your home is to get cash out. If you have enough equity in your home and have credit cards
debts it make sense to use that cash to pay off those debts. Of course, there are many other reasons to refinance your
home such as home improvement projects.
However, many homeowners are reluctant to refinance their home due to the paperwork involves in the process.Â
Click Here  and fill out a simple form to find out if refinancing your home would saving money and
there is “Net Tangible Benefit” to you.
You can apply here to refinance your home! We offer Cash Out Refinancing, FHA Refinance, VA Refinance, USDA Refinance or any mortgage refinancing.
We also offer First Time Home Buyer Mortgage, Conventional Mortgage, FHA Mortgage, VA Mortgage and USDA Mortgage.
disclaimer:
*Any advertisement, programs or Filling out any forms on this website do not consider an offer to enter into
an agreement and is not a commitment to make a loan.
Not all customers will qualify for a loan. Information, rates and programs are subject to change without notice.
All products/programs are subject to Income, Debt, Credit and Property Approval. Not all customers will qualify.
Information, rates and programs are subject to change without prior notice. All products are subject to credit and
property approval. All approvals are subject to underwriting guidelines. Not all products are available in all states
or for all dollar amounts. Other restrictions and limitations may apply. VA loans subject to individual VA Entitlement
amounts and eligibility, qualifying factors such as income and credit standards, and property limits. NEXA Mortgage, LLC
is not affiliated with any government agencies. These materials are not from VA, HUD or FHA, and were not approved by VA,
HUD or FHA, or any other government agency. Copyright © 2025 NEXA Mortgage, LLC NMLS#1660690. AZMB#0944059.
3100 West Ray Rd Ste 201 Chandler, AZ 85226, 602-344-9333. www.NEXAMortgage.com NEXA Mortgage, LLC is an Equal Housing Lender.
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