Will My Mortgage Payment Increase? 303-738-3838

Hi Chris Waterman here, The Denver Mortgage Guy Will your mortgage Payment Increase with a Cash-Out Refinance? There are several factors that will determine if your new loan from a Cash_Out Refinance will have a higher payment than your current mortgage payment

So when you take Cash-Out, whether you need cash in hand or cash to pay-off debt, your mortgage balance will obviously increase With a higher mortgage balance, typically, your mortgage payment does increase However, if you are paying off debt, like credit cards, a car loan, or line of credit in most cases, your overall payment will be much lower Even if your new mortgage payment increases, the savings benefit you will get will be $700 a month or more possibly And we have even saved clients over a $1000 a month

Call me to find out how If you have any further questions, feel free to contact me, Chris Waterman at 303-738-3838 Or you can email me at, Chris@DenverMortgageGuycom