Putting Cash in Your Pocket with a NewDay USA 100 VA Cash Out Refinance Loan
As a valiant veteran who has devoted themselves to protecting the freedom of our great nation, you deserve the opportunity to access the equity in your home that you’ve worked hard to build in the form of cash-out when the need arises. Maybe it’s for unforeseen expenses, to fund home improvements, or just to have a little extra cash in the bank as a safety cushion. Did you know that your service also entitles you to a significant financial benefit that can help you do that? It's true – you can utilize your VA loan benefit to access a VA cash out refinance loan. In this article, we'll explore how your VA loan benefit can help you.
What is a VA Cash Out Refinance Loan?
A VA cash out refinance loan provides the utmost flexibility for veterans who are looking to borrow against the equity in their homes. With this option, qualified veterans can access up to 100% of their home's value by using their VA loan benefit.
What Are the Benefits of a NewDay USA VA Cash Out Refinance Loan?
Many veterans are taking advantage of NewDay USA's 100 VA Cash Out Refinance Loan program to receive an average of $70,000. Imagine the possibilities that this cash infusion could unlock for you. You could consolidate high-interest-rate credit cards and pay down your debt on pricey personal and car loans, make important home improvements, and more. Just be aware that consolidating debts can increase the total repayment time and finance cost of the loan, though. Check with a qualified financial advisor to ensure it is the right option for you.
A VA cash out refinance loan can be used to reduce your monthly payments by hundreds of dollars, freeing up your budget and providing your veteran family with a path to savings and the opportunity to build a nest egg. On average, NewDay USA customers are reducing their payments by $459 per month using the NewDay USA 100 VA Cash Out Loan. That works out to be $5508 over the course of a year.
Why Work with NewDay USA to Secure a NewDay USA 100 VA Cash Out Loan?
At NewDay USA, we take pride in Admiral Lynch's mandate of no upfront out-of-pocket expenses for a VA appraisal, termite inspection, or water test, and we stand by it. We understand that these additional costs can put unnecessary strain on your finances, which is why we enable you to roll them into the total amount of your loan and pay them down over time. Do be aware that charges may apply if the appraisal is transferred to another lender.
How to Get Started with a NewDay USA 100 VA Cash Out Refi Loan
Getting started with NewDay USA's cash out refinance loan is as easy as pie. Follow these three simple steps:
1. Reach out to NewDay USA by giving us a call at 800-405-4187 or by hopping over to our website at newdayusa.com to start your application.
2. Connect with one of our NewDay USA representatives. They will work with you one-on-one throughout your loan application process, all the way through to closing.
3. If you’re approved, you can use your NewDay USA 100 VA Cash Out Loan to do a number of things, including making improvements to your home, funding a new car purchase, taking your family on vacation, and more.
Wrapping Up
As a veteran who has honorably served their country, or as the spouse of an eligible veteran, you have earned and deserve your VA loan benefits. But many don’t know how they can be used to achieve your financial goals. With the VA cash out loan program, qualified applicants can access up to 100% of their home's value. Don't wait – get in touch with NewDay USA to learn more!
Nick Barth NMLS#1893666 NewDay USA NMLS#1043