{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/598ef4cb6e6940d48a5fd90b5ccec886\" frameborder=\"0\" width=\"1920\" height=\"1440\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1440,"width":1920,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1440,"thumbnail_width":1920,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/598ef4cb6e6940d48a5fd90b5ccec886-257cbfc01709615c.gif","duration":52.866667,"title":"Understanding Cash Out Refinancing for Homeowners 💰","description":"In this video, I explain what a cash out refinance is and how it can benefit homeowners by allowing them to access cash from their home equity. To qualify, you'll need at least 15% equity, a credit score of 620 or higher, a debt-to-income ratio below 43%, and proof of stable income. Cash out refinances typically offer lower interest rates, making them a great option for funding home improvements, consolidating debt, or covering major expenses. Remember, you're using your home as collateral, so it's important to borrow responsibly. If you're considering this option, I encourage you to evaluate your financial situation carefully."}