video1.0<iframe src="https://www.loom.com/embed/598ef4cb6e6940d48a5fd90b5ccec886" frameborder="0" width="1920" height="1440" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>14401920Loomhttps://www.loom.com14401920https://cdn.loom.com/sessions/thumbnails/598ef4cb6e6940d48a5fd90b5ccec886-257cbfc01709615c.gif52.866667In 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.