NEXA Mortgage
Tap into up to 80% of your home equity¹ with a cash-out refinance.
✅Consolidate debt, fund renovations or other major expenses
✅Lower interest than most credit cards and personal loans
✅ 620 Minimum Credit Score
NEXA Mortgage
Turn your home's value into cash...with a Cash-Out Refinance
✅ Consolidate debt, fund renovations or other major expenses
✅ Lower interest than most credit cards and personal loans
✅ 620 Minimum Credit Score
Home values are up. Put that equity to work.
Home values jumped up 9% last year, on average. Turn that equity into cash (with a cash-out refinance) to tackle renovations, pay off high-interest debt, put a down payment on a second property, or fund other major expenses.
NEXA Loan Performance Overview
year 2023
year 2024 still counting
How Cash-out refinancing works
A Cash-out Refinance is a mortgage refinancing option where the new loan is for a larger amount than the existing loan to convert home equity into cash. The borrower receives the difference in cash. For example, if someone has a $100,000 loan and they refinance it for a new loan of $150,000, they would receive $50,000 in cash. The borrower uses the cash from the loan for any purpose such as home improvements, debt consolidation, or other major expenses. A CASH-OUT REFINANCE has different rules than a regular refinance. There are two types of fees that are typically charged: a loan origination fee and a prepayment penalty.
