Are you looking to refinance and get cash out of your home? Right now using a Negative Amortization Loan is a great way to get CASH OUT.

With the cash out, you could purchase a new car, take that much needed vacation or invest for future needs, like your child�s education, your retirement, etc.

Benefits of getting Cash Out with a Neg Am Loan:

1. Rising Home Equity Rates. The prime rate for home equity lines has increased over 3 points since 2004. The future is not looking good for the prime rate either. It is projected to increase multiple times in the upcoming year.
2. Keep Your Monthly Payment Low and Still Get Cash Out.  The rates for Neg Am loans are low plus you can get a 40 year amortization. These factors contribute to a very low monthly payment.
3. You Do Not Pay Extra. On traditional loans you will pay extra for cash out. The rate will be either higher or you will have to pay points for the cash out. Neg Am rates for cash out stay the same; there will be no increase in rates for cash out.
4. Large Dollar Amounts of Cash Out are Available with Neg Am Loans.

     The Rates for Cash Out Loans are:

 

     0.50% with a 40-Year Amortization

 

     1.0% with a 30-Year Amortization

 

     1.25% with a 40-Year Amortization