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Franklin Mortgage Co, Washington, MO


At Franklin Mortgage, we specialize in simplifying the refinancing process, ensuring a seamless experience from start to finish. Regardless if your goal is to shorten your loan, lower your payment, or even get cash-back, our team will talk through the option that makes the most sense for your situation.


What is a Cash-Out Refinance?

A cash-out refinance empowers homeowners by converting their home's equity into accessible cash through the replacement of their existing mortgage with a larger one. The surplus amount is provided in a lump sum, offering flexibility for various financial endeavors such as home renovations, debt consolidation, educational expenses, or strategic investments.


Is a Cash-Out Refinance Right for You?

Backed by the collateral of your home, cash-out refinancing offers lenders a secure transaction, resulting in relatively favorable rates for borrowers. This affordability makes it an attractive option for addressing significant expenses. Consider leveraging a cash-out refinance for:

  • Home Enhancements: Transform your living space with renovations or expansions, enhancing both comfort and value.
  • Debt Management: Escape the burden of high-interest debt by consolidating it into a single, more manageable payment, ultimately saving on interest costs.
  • Educational Pursuits: Secure your financial future by utilizing home equity to fund educational endeavors, particularly if the refinance rate proves more favorable than that of student loans.
Find out if refinancing makes sense for you.  You can start here or call our office and we will walk you through the process. Connect with a lender to talk mortgages!
 Refinance Savings

When you're ready, you can start the application process here.