Loan Options FAQ

What is a NewDay VA Cash-Out Refinance Loan?

A NewDay VA Cash-Out Refinance Loan is for homeowners who want to turn their home equity into cash to address such concerns as paying off high-interest debt, funding school, making home improvements, or just to have the security of cash in the bank*. This type of refinance loan can also be used to refinance a non-VA loan into a VA loan.

*Consolidating your debts may increase the length of time needed to repay the debts and your total finance charges may be higher over the life of the loan

What about my credit cards?

With a NewDay 100 loan, our average customer lowers their payments by $607 a month, $7,279 a year.