My Loan Quote offers mortgage refinance loans for home improvements projects like remodeling or installing a new swimming pool. Our lenders provide painless refinance loans for homeowners seeking cash to pay for home rehabilitation. Banks across the country are reporting that many applicants continue to request cash back when refinancing and there is no company more capable of meeting your needs than My Loan Quote. In the past, the most popular method for homeowners to get money is through a 2nd mortgage loan. However, borrowers that have an interest rate above 4% on their 1st loan continue to choose cash out loans if they have enough equity.
In most cases, we can help you refinance your current mortgage and find you better loan terms while getting you the additional funds requested to pay for the home improvements. In some cases the mortgage rate reduction will compensate you with the same monthly payment but provide cash back at no additional cost.
When it comes to financing home improvement projects, we found that most people are paying for the costs with their credit cards.
Homeowners are losing out on tax deductions and are often paying interest at a higher rate when funding by credit cards. You will save time and money when refinancing with My Loan Quote.
Cash Out for Home Remodels
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If you would rather keep your existing mortgage and get cash with alternative financing, we provide second mortgages and home equity credit lines that allow you to receive cash using your home as collateral. Our brokers and lenders provide several cash out refinance loans that are offered with favorable rates and terms. Some of our participating lenders like Bridge offer a bad credit mortgage for homeowners that need an alternative to conventional refinancing.
Remodel Your Home with Low Rates
Non-Conforming Refinance Loans:
Alternative Loan Programs:
Stated Income Loans
Refinancing your mortgage and getting cash back can be a simple process. Most refinance loans are closed within 2-4 weeks. Apply Now for a fixed rate refinance loan.