Cash-out Refinance (2024)

Freddie Mac's cash-out refinance mortgage options can help borrowers leverage home equity for immediate cash flow.

Whether borrowers want to consolidate debt or obtain cash for home improvements (or reduce a rate and monthly payment; pay off a purchase money junior lien used for any purpose; or pay off a leasehold interest), all related closing costs, financing costs and prepaid items can be rolled into the new loan amount, further maximizing your borrower's cash flow potential.

In addition, our special purpose cash-out refinance mortgage allows borrowers in special circ*mstances to use the proceeds of the refinance transaction to buy out the equity of a co-owner.

Cash-out refinance mortgages help you meet the needs of more refinance borrowers looking to leverage their home equity for a variety of purposes, retain more of your customer base in refinance markets and meet the needs of borrowers with special circ*mstances using the special purpose cash-out refinance option.

Cash-out Refinance (2024)
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