Several lenders cater to different needs when it comes to cash-out refinancing, making it essential to find the right fit for your financial situation. New American Funding is ideal for those with bad credit, allowing scores as low as 580 and offering flexible credit requirements. Better Mortgage stands out for affordability, with no lender fees and rapid preapproval, while United Wholesale Mortgage offers high borrowing limits, lending up to 90% of your home's value. LoanDepot is perfect for current customers, allowing them to refinance without lender fees. Chase Bank excels in jumbo loans, approving amounts as high as $9.5 million, and Navy Federal Credit Union specifically serves veterans and active military with favorable terms. Lastly, Rocket Mortgage is known for its speedy closing process, averaging just 21 days. Each lender has unique benefits, so understanding your needs and comparing options is crucial for securing the best cash-out refinance deal.
Read the full article here.