BRIGHT HOUSE HOME IMPROVEMENT AND REPAIR 29 Photos Alabaster, AL
You’ll get a new loan with an updated interest rate, and your payment will change to reflect the change in your loan. Lenders typically require you to maintain 15 – 20% equity in your home after a cash-out refinance. This can limit the amount you can access for home improvements. The minimum amount of equity you’ll need to leave in your home when you refinance varies by loan type and by lender. If you want to take cash out with a conventional loan, you’ll typically need to leave at least…
