Cash Out Refinance

Cash Out Refinance with Rami Dalal

Are you looking to unlock the equity in your home to fund important expenses or consolidate debt? A Cash Out Refinance might be the perfect solution for you. At Nexa Mortgage, led by Rami Dalal, we specialize in helping homeowners in Memphis, Tennessee, and beyond access the cash they need by refinancing their mortgage with a new loan that’s larger than the current balance — giving you cash back at closing.

What is Cash Out Refinance?

Cash Out Refinance is a financial option that allows you to replace your existing mortgage with a new loan for a higher amount. The difference between the new loan and your current mortgage balance is paid out to you in cash. This can be a powerful tool to:

  • Renovate or remodel your home

  • Pay off high-interest debt such as credit cards or personal loans

  • Cover major expenses like education or medical bills

  • Invest in other opportunities such as starting a business

How Does Cash Out Refinance Work?

When you choose a cash out refinance, you apply for a new mortgage loan based on your current home’s appraised value. If approved, the lender pays off your existing mortgage, and you receive the remaining amount as cash. The new loan replaces your old mortgage, so your monthly payment and interest rate may change depending on the loan terms and current market rates.

Benefits of Cash Out Refinance

  • Access to Large Sums of Money: Unlike home equity loans or lines of credit, cash out refinance lets you tap into a larger portion of your home’s equity in one lump sum.

  • Potentially Lower Interest Rates: Refinancing can help you secure a lower interest rate compared to your existing mortgage, saving you money over time.

  • Debt Consolidation: Use the cash to pay off higher-interest debts, simplifying your finances and reducing your monthly payments.

  • Flexible Use of Funds: There are no restrictions on how you use the cash, giving you the freedom to address your unique financial goals.

Why Choose Rami Dalal and Nexa Mortgage?

Navigating a cash out refinance can feel overwhelming, but with Rami Dalal and the Nexa Mortgage team by your side, you get personalized guidance tailored to your financial situation. We take the time to understand your goals, explain your options clearly, and ensure you feel confident throughout the process. Our expertise in the Memphis, Tennessee area and commitment to transparent communication make us the trusted choice for your mortgage needs.

Is Cash Out Refinance Right for You?

Cash out refinancing is ideal for homeowners who have built equity in their homes and want to leverage it for financial flexibility. However, it’s important to consider your long-term plans, current interest rates, and monthly budget before making a decision. Rami Dalal is here to answer all your questions and help you evaluate whether this option aligns with your financial objectives.

Get Started Today

If you’re ready to explore the benefits of cash out refinancing or want to learn more, contact Rami Dalal with Nexa Mortgage today. Our team is eager to assist you in turning your home equity into a powerful financial tool.

📞 Call: (901) 387-6398‬
📧 Email: rdalal@nexamortgage.com
📍 Visit: Memphis, TN 38117