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Cash Out Your Home's Equity

We are Ready to Help You Get Cash Out of Your Home!

 At Handley Mortgage Solutions, we understand the importance of managing your bills, so that you can fully enjoy your file ... without the stress of living paycheck to paycheck. 


Refinancing and cashing out the equity in your home can provide several benefits to  you!


  1. Access to Equity: Cashing out allows homeowners to tap into their home's equity, providing a lump sum of cash that can be used for various purposes such as home improvements, debt consolidation, or investments.
  2. Consolidate Debt: Homeowners can use the cash-out proceeds to consolidate high-interest debt such as credit cards or personal loans into a single, lower-interest mortgage payment.
  3. Home Improvements: Refinancing with cash-out can provide funds for home renovations (such as additions, pools, and so on) or repairs, increasing the property's value and enhancing living conditions.
  4. Investment Opportunities: Access to cash from a cash-out refinance can be used for investment purposes, such as purchasing additional properties or investing in stocks, bonds, or retirement accounts.
  5. Pay for Education: Homeowners can use the cash-out funds to pay for education expenses, including college tuition for themselves or their children.
  6. Emergency Fund: Cashing out equity can provide homeowners with a financial safety net for unexpected expenses or emergencies, offering peace of mind and financial stability.


However, it's important for homeowners to carefully consider the implications of refinancing and cashing out their home equity, including potential fees, interest rates, and the impact on their long-term financial goals. Consulting with a financial advisor or mortgage professional is recommended to determine the best course of action based on individual circumstances.


Take the first step towards financial freedom today with Handley Mortgage Solutions. Let's embark on this journey together and help you achieve your homeownership goals


Click here to start the pre-approval process!

Are you curious about the value of your home? Click the image above to find out!

Possible Loan Products

First Time Homebuyer

Have you been living with your parents and you are ready to move out? Been stuck in an apartment and ready to have something to call your own? Tired of filling your landlord's pockets each month and ready to build equity in a place of your own?

CONVENTIONAL Loan

  • Credit score - 620 
  • As little as 3% down 
  • Private Mortgage Insurance is removed 
  • Seller Concessions* 
  • Possible Down Payment Assistance Program

FHA Loan

  •  Credit score - 580
  • As little as 3.5% down 
  • Private Mortgage Insurance-life of loan 
  • 6% seller concessions 
  • Possible Down Payment Assistance Program

USDA (Rural Development) Loan

  • Credit score - 620 
  • 0% down 
  • Home must be in USDA eligible area 
  • USDA income requirements  
  • 6% seller concessions

VA Loan

  • Credit score - 580 
  • 0% down 
  • Must fit VA requirements  
  • 4% seller concessions

MISCELLANOUS INFORMATION

  • Gifts from family members
  • Borrow from 401(k) for down payment
  • Seller Concessions can help to pay down the interest rate, pay closing costs, pre-pay items (insurance and taxes)
  • * Conventional Loan - Seller Concessions - 3% when putting 0% to 9.99% down on the home, 6% when putting 10% to 20% down on the home or 9% when putting 20% or more down on the home 


Buying a Larger/Smaller Home or Just a "New Home"

It was just you, then you added a significant other, and now a new "alarm clock" ... you need space! The children are getting sooo big and they need space to play, learn, and explore. Your new puppy needs a huge yard! Working from home is great, but you could use an office. You've raised your children and now are ready for something a bit smaller. A large home was always your dream, but now it's a nightmare ... so much cleaning and maintenance. Looking to have a smaller home in both Indiana/Ken

CONVENTIONAL Loan

  • Credit score - 620 
  • As little as 3% down 
  • Private Mortgage Insurance is removed 
  • Seller Concessions* 
  • Possible Down Payment Assistance Program

FHA Loan

  •  Credit score - 580
  • As little as 3.5% down 
  • Private Mortgage Insurance-life of loan 
  • 6% seller concessions 
  • Possible Down Payment Assistance Program

USDA (Rural Development) Loan

  • Credit score - 620 
  • 0% down 
  • Home must be in USDA eligible area 
  • USDA income requirements  
  • 6% seller concessions

VA Loan

  • Credit score - 580 
  • 0% down 
  • Must fit VA requirements  
  • 4% seller concessions

MISCELLANOUS INFORMATION

  • Use money from the sale of current home to help purchase new one
  • Gifts from family members
  • Borrow from 401(k) for down payment
  • Seller Concessions can help to pay down the interest rate, pay closing costs, pre-pay items (insurance and taxes)
  • * Conventional Loan - Seller Concessions - 3% when putting 0% to 9.99% down on the home, 6% when putting 10% to 20% down on the home or 9% when putting 20% or more down on the home 


Buying a Second/Vacation Home

Constantly renting homes on VRBO is costing a fortune. You are ready to take the plunge and buy a vacation home?

CONVENTIONAL Loan

  • Credit score - 620 
  • As little as 3% down 
  • Private Mortgage Insurance is removed 
  • Seller Concessions* 
  • Possible Down Payment Assistance Program

FHA Loan

  • NOT AN OPTION

USDA (Rural Development) Loan

  • NOT AN OPTION

VA Loan

  • Credit score - 580 
  • 0% down 
  • Must fit VA requirements  
  • 4% seller concessions

MISCELLANOUS INFORMATION

  • Must be 50 miles away from current home - unless it is on a lake/tourist spot
  • Gifts from family members
  • Use a home equity line of credit (HELOC) to help fund
  • Borrow from 401(k) for down payment
  • Seller Concessions can help to pay down the interest rate, pay closing costs, pre-pay items (insurance and taxes)
  • * Conventional Loan - Seller Concessions - 3% when putting 0% to 9.99% down on the home, 6% when putting 10% to 20% down on the home or 9% when putting 20% or more down on the home 

Above is a small offering of our loan products. We have many more offering to choose from. Be sure to reach out to discuss your goals, so we can create a customized plan to homeownership for you! We are not "one size fits all" mortgage company.

Happy New Homeowners

    Copyright © 2024 Handley Mortgage Solutions - All Rights Reserved.

    Timothy Handley - NMLS #2054381 | Powered by Smith Broady & Associates - NMLS #143637

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