Cash Out Refinancing & Home Equity Loans
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Utilize your equity for Debt Consolidation, home improvements

home repairs, major purchases, or emergency funds

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Home Equity Loan & Cash Out Refinance

Cash-out refinance is a popular home financing option that can offer numerous benefits to homeowners in Idaho. In this article, we'll explore some of the key benefits of a cash-out refinance on your home.

  1. Access to Equity: A cash-out refinance allows homeowners to access the equity they have built up in their home. This equity can be used for various purposes, such as home improvements, paying off high-interest debt, or funding a large expense. By accessing this equity, homeowners can take advantage of their hard-earned investment in their home.
  2. Lower Interest Rates: Refinancing can often result in a lower interest rate on credit cards and installment loans, potentially reducing monthly payments. This can free up cash flow and help homeowners save money.
  3. Flexibility: A cash-out refinance offers homeowners the flexibility to choose a new loan term that fits their financial goals and budget. Whether they want a shorter term for a faster pay-off or a longer term for lower monthly payments, a cash-out refinance can provide options that work for them.
  4. Debt Consolidation: A cash-out refinance can also be used as a tool for debt consolidation, as homeowners can use the funds from the refinance to pay off high-interest credit card debt, personal loans, or other debts. This can help reduce monthly debt payments and improve overall financial stability.
  5. Improved Credit Score: By using a cash-out refinance to pay off high-interest debt and reducing monthly debt payments, homeowners can improve their credit score. This can open up opportunities for better loan rates in the future and improve overall financial health.

A cash-out refinance can offer numerous benefits to homeowners in Idaho, including access to equity, lower interest rates, flexibility, debt consolidation, and improved credit scores. If you are a homeowner looking to tap into your equity, pay off debt, or simply lower your monthly mortgage payments, a cash-out refinance may be a smart option to consider. It is important to carefully consider all options and speak with a financial advisor or mortgage professional, like 1st Choice Mortgage, to determine if a cash-out refinance is right for you.

Cash Out Refinancing


Access your equity and make it work for you!

  • VA or Veterans Administration Cash Out refinance, up to 100% of value.
  • VA FICO Score down to a 620
  • FHA Cash Out Refiannce up to 85% of value.
  • FHA FICO Score down to a 620
  • Conventional Cash Out Refinance up to 80% of value.
  • Conventional FICO scores down to a 620.

Home Equity Line of Credit

Home Equity HELOC cash out refinance home equity line of credit

Benefits of home equity line of credit 

Access your equity and make it work for you!

  • Pay off high interest rate credit cards.
  • Purchase an Investment Property.
  • Pay off medical bills.
  • Purchase that dream RV or Boat.
  • Add that extra bedroom or bonus room. Improve & Upgrade!
  • Update applicances in your Kitchen.
  • Add landscaping or hot tub or pool.
  • Emergency funds.


1st Choice Home Equity Line of Credit (HELOC) Program 

Flexable, timely and efficient

  • Loan up to 89.999% of the value of the home for primary homes
  • Loan up to 70.00% of the value of the home for Investors
  • Can be combined with 1st mortgage for up to 89.99% Combined Loan to Value 70% for investment.
  • Fully Amortized Principal and Interest payment HELOC available.
  • Interest Only HELOCs available
  • Up to a 10 year Draw Period.
  • CALL TODAY for Compete Details!

More Information


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