{"id":188,"date":"2024-10-27T12:58:12","date_gmt":"2024-10-27T12:58:12","guid":{"rendered":"https:\/\/carpenterhomeloans.com\/?post_type=loan-options&#038;p=188"},"modified":"2024-10-27T12:58:12","modified_gmt":"2024-10-27T12:58:12","slug":"mortgage-refinance","status":"publish","type":"loan-options","link":"https:\/\/carpenterhomeloans.com\/es\/loan-options\/mortgage-refinance\/","title":{"rendered":"Mortgage Refinance"},"content":{"rendered":"<div id=\"1038604673\" class=\"u_1038604673 dmNewParagraph\" data-element-type=\"paragraph\" data-version=\"5\">\n<h2 class=\"text-align-left m-size-24\"><span class=\"m-font-size-24\">What is a Mortgage Refinance or Cashout?<\/span><\/h2>\n<\/div>\n<div id=\"1414452008\" class=\"dmNewParagraph\" data-element-type=\"paragraph\" data-version=\"5\" data-uw-styling-context=\"true\" data-diy-text=\"\">\n<p class=\"m-size-16\"><span class=\"m-font-size-16\">When you want to cash out or refinance your mortgage, you are asking lenders to approve you for a new mortgage that is worth more than the existing loan you\u2019re currently paying off. The difference between your new mortgage and the balance on your previous mortgage is given to you at the time of closing, which you can use for home improvements, paying off debts, etc.\u00a0<\/span><\/p>\n<p class=\"m-size-16\"><span class=\"m-font-size-16\">Lenders like us will require a home appraisal to determine the current value of your home against what is owed on your existing mortgage. For example, if the prices of homes in your neighborhood\u2019s zip code (they definitely have here in<\/span>\u00a0<span class=\"m-font-size-16\"><span class=\"inline-data-binding\" data-encoded-value=\"OTIxMTY=\" data-inline-binding=\"site_text.zipcode\">85233<\/span><\/span><span class=\"m-font-size-16\">) have increased since the time you made your initial purchase, it\u2019s possible you can borrow more money for your refinancing.<\/span><\/p>\n<p><strong>Thinking of refinancing your mortgage? We can help.<\/strong><\/p>\n<\/div>\n","protected":false},"featured_media":189,"template":"","class_list":["post-188","loan-options","type-loan-options","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/carpenterhomeloans.com\/es\/wp-json\/wp\/v2\/loan-options\/188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/carpenterhomeloans.com\/es\/wp-json\/wp\/v2\/loan-options"}],"about":[{"href":"https:\/\/carpenterhomeloans.com\/es\/wp-json\/wp\/v2\/types\/loan-options"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/carpenterhomeloans.com\/es\/wp-json\/wp\/v2\/media\/189"}],"wp:attachment":[{"href":"https:\/\/carpenterhomeloans.com\/es\/wp-json\/wp\/v2\/media?parent=188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}