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At Kenico Mortgage Services, Inc., We bridge the gap between applying and delivering your home loan refinance. Mortgage rates are frequently dropping as a result of federal rate reductions, making it difficult to predict refinance activity. Kenico Mortgage Services, Inc. is always looking for efficient ways to control costs, reduce capital expenditures & improve service levels.
Paying off a Mortage Reduces the Cost of Interest
The longer you carry a mortgage, the more you pay in interest. By paying off your mortgage early, you may save significantly due to the additional cost of interest, especially if your home loan had a high-interest rate when you took out your mortgage. At Kenico Mortgage Services, Inc. our experts will guide you to simplify the process.
Cash-out refinancing is a mortgage refinancing option that lets you convert home equity into cash. A new mortgage is taken out for more than your previous mortgage balance, and the difference is paid to you in cash
In a cash-out refinance, a new mortgage is taken out for more than your previous mortgage balance, and the difference is paid to you in cash.
A lender will determine how much cash you can receive with cash-out refinancing, based on standards such as your property’s loan-to-value (LTV) ratio and your credit profile
What is home equity?
Home equity is the market value of your home deducting any liens, such as the amount you owe on a mortgage or a home equity loan. The equity in your home can fluctuate based on real estate market conditions in the community or region where you live.
With the cash in hand, you can modify your home and add a personal touch to your space. You can use the cash as you want. Modify the entire look or just a particular section; the choice is completely yours.
Next, you only have to pick up a plan that is best suited to your needs. We will complete the rest of the process for you. In a few days, you would move from your rented accommodation to having a home of your own.
Start your search for the ideal home with us.
Call us today and help us fulfill your dream of a charming house.
Apply online
Submit your documents.
Get approved.
