Checklist: What Affects Cash-Out Refinance Pricing
Print this page or keep it open while you talk with lenders. These questions relate to the guides on this site.
- What is my combined loan-to-value after the new loan?
- Is the rate fixed or variable, and what index does it follow?
- What are the draw and repayment periods?
- Are there annual fees or early-closure fees?
- How does the total cost compare with a cash-out refinance?
Before any application
- Verify the lender and loan officer on NMLS Consumer Access.
- Ask for a Loan Estimate and compare it with at least one other.
- Never send documents or wire funds based only on an email request.