Get the cash you need with a cash-out refinance.
Cash-out refinancing replaces your current mortgage with a new one for a higher loan amount that includes both the original loan balance and an additional portion towards closing costs, if applicable, and cash to you. You are basically using the equity you’ve built up with your house to go towards other things you need, like home improvements or college tuition. There are some minimum requirements to be met, but if you need cash and you have built up equity in your home, this could be a solution for you. Talk to a NASB loan officer for more details.
*Minimum loan amount of $175,000 required to apply. Exceptions include mortgage products for properties located within the Greater Kansas City metro and surrounding areas. Contact a NASB Loan Officer for more details on the specific areas and/or zip codes excluded.
Watch this video to find out how a you can benefit from a cash-out refinance from NASB: