With Cash-Out Refinancing, you can use the money you receive however you want, for whatever will help you the most.
Consolidate debt to pay off or pay down high interest credit cards or other loans.
Repair, renovate, or remodel your home or yard.
Afford major purchases like new appliances or a vehicle.
Purchase a second home or investment property.
Cover tuition and other education expenses without relying on high interest loans.
Pay for a wedding or other big life event.
Take a dream vacation.
Pay for unplanned or unexpected expenses.
Depending on your situation, and the type of loan you currently have, here’s how much of your home’s value you may be able to access:
VA Loan: up to 100%
FHA Loan: up to 80%
Conventional Loan: up to 80%
Jumbo Loan: up to 80%
NOVA Advantage Fixed Second Lien: up to 80%
HELOC (Home Equity Line of Credit): up to 90%
Contact a NOVA Home Loan Officer to put your home’s equity to work for you.
The Program information shown is for informational/educational purposes only and does not represent a commitment to lend or extend credit. Other terms and conditions may apply. Contact your Loan Officer for more details.
