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CashOutEquity.com Reviews

8

bestfor-icon People looking for the best cash-out refinancing loans

andrewo
Written by Andrew Omalley

About CashOutEquity.com | Read More

8

LS Score

7

Credibility

7

Support

10

Accessibility

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Contact Information Contact Information drop-down-btn
  • LeadPoint, Inc. dba SecureRights, 5717 Legacy Drive, Suite 250, Plano, TX 75024
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CashOutEquity.com Mortgages Review

The CashOutEquity.com online platform allows you to quickly get matched up with reputable lenders. Its main focus is on people who are looking to refinance their existing mortgage in order to get their hands on a cash payment.

However, it also will showcase the leading mortgage purchase loans for your specific situation if this is something you’re looking for. CashOutEquity.com has a good track record of success and we will explore some of its main policies in this review. 

CashOutEquity.com Mortgages Highlight

Yes

Soft Credit Pull

Marketplace

Lender Type

Yes

Other Fees

None

Origination Fee

None

Prepayment Fee

31752045

NMLS

Pros & Cons

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  • con-icon Allows people to quickly compare options
  • con-icon Low barrier to entry
  • con-icon No initial hard credit check
  • con-icon Only works with trustworthy lenders
  • con-icon Not a ton of information on the website

Mortgage Type

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  • Mortgage Purchase
  • Mortgage Refinance
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CashOutEquity.com Mortgages Terms & Requirements

More than 100 different lenders are a part of CashOutEquity.com’s network, which means that there should be an option for every need. As it has such a long list of lenders, this means that the exact loan terms and requirements are going to vary quite a lot.

That’s why we can’t provide you with specifics when it comes to things like minimum required debt-to-income ratios or minimum annual income requirements. This is only something you can see when you look at the individual lenders.

CashOutEquity.com will give you the option of getting your hands on a cash-out refinance mortgage loan or a mortgage purchase loan. These two options will cover a lot of needs and you can drill down into specifics for each of these choices.

There is no minimum credit requirement in place, but your choice of lenders will decrease according to the lower score that you have.

Applying with CashOutEquity.com

All you need to do to get started is to visit the CashOutEquity.com website and start completing the online form. The default option will be for cash-out refinance, but you can also decide to go through the steps for a mortgage purchase loan otherwise.

For refinancing, you need to first disclose the value of your home and the balance on your existing mortgage. Then you let CashOutEquity.com know what you plan to use the resulting cash for when you refinance. You’ll then give the marketplace an idea of exactly how much cash you need to proceed.

CashOutEquity.com will ask for your ZIP code and will ask questions about what type of property it is. You’ll be asked about the current interest rate you’re paying and what type of loan you’re looking for, as well as what bracket your current credit score falls under. Applicants need to disclose if they’ve ever had a bankruptcy or foreclosure within the past three years and answer if they can verify their income.

CashOutEquity.com wants to know if you’ve had any late payments over the past year and if you’ve had any military service (or your spouse). The final step is to provide your exact address. Based on the information provided, CashOutEquity.com will then present you with a list of different leading options.

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Qualification Requirements

Since CashOutEquity.com is a marketplace that works with more than 100 different lenders, the qualification requirements really vary. That’s why you need to deal with things on a case-by-case basis.

After you submit the online form and get the results, CashOutEquity.com will disclose the interest rates, the amount of cash you can get, the repayment terms, qualifying requirements, and so on for each of the available options.

Required Information

CashOutEquity.com doesn’t ask you to supply any documents when filling out the online form. This is only going to be necessary when you’re submitting an official application with one of the lenders. These documents can include proof of income, identity verification, and proof of address.

Application Steps & Time Frames

The steps to get up and running with CashOutEquity.com are quite straightforward. We have broken down the main things you need to do and how long each step roughly takes:

  1. Complete the CashOutEquity.com online form (3-4 minutes)
  2. Assess the options and select a loan that fits your needs (15-20 minutes)
  3. Submit an application form (15-20 minutes)
  4. Await approval (Instant-6 weeks)
  5. Get your funds (Instant-6 weeks)

State Availability

Available - Alabama, Alaska, Arizona, California, Florida, Illinois, Iowa, Louisiana, Maine, Maryland, Michigan, Minnesota, Mississippi, Nebraska, New Hampshire, New Mexico, New York, North Dakota, Oklahoma, Oregon, Pennsylvania, South Dakota, Tennessee, Texas, Vermont, Virginia, Washington, West Virginia, Wyoming,

Not Available - Arkansas, Colorado, Connecticut, Delaware, Georgia, Hawaii, Idaho, Indiana, Kansas, Kentucky, Massachusetts, Missouri, Montana, Nevada, New Jersey, North Carolina, Ohio, Rhode Island, South Carolina, Utah, Wisconsin,

andrewo
Written by Andrew Omalley facebook-icon twitter-icon

Andrew is a freelance writer who has been crafting valuable pieces of content relating to personal finance for more than five years. Previously, he studied Economics & Finance at university and he has professional qualifications relating to financial advice.

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FAQ’s

Does CashOutEquity.com carry out a hard credit check?

If you complete the online form available on the CashOutEquity.com website, you will not be subject to a hard credit check. This only occurs if you submit an official application to one of the lenders.

How long does it take to see the lending options at CashOutEquity.com?

The process of completing the online form only takes a few minutes and the results will be available then within seconds.

Does CashOutEquity.com offer 24/7 customer support?

You will not have access to 24/7 customer support at CashOutEquity.com, with email replies taking up to 24 hours.

Customer Support

The CashOutEquity.com website isn’t too comprehensive, so you won’t have too much information to glean from reading through the few pages that exist. Its aim is to have people go through this online process as quickly as possible so they can see what cash-out options are open to them.

If you experience an issue with CashOutEquity.com or have a question about its offerings, then you can use the email form to send them correspondence. Replies usually come within 24 hours and will be of a high quality.

The lack of any telephone, live chat, or social media support isn’t ideal, but the email form should be sufficient for most needs.

Privacy & Security

The CashOutEquity.com website doesn’t offer a huge amount of information, but it does provide reassurance about the types of privacy and security measures it has in place.

You will see that CashOutEquity.com holds an Equal Housing Lender certification and utilizes encryption technology to make sure that any private data that users share is kept fully protected during its transfer.

CashOutEquity.com is committed to working only with lenders that are trustworthy and have a proven track record. The company will only share your information with these companies when you give it your permission to do so.

Leadpoint is CashOutEquity.com’s parent company and it has been catering to the needs of people in the US since 2001. It has an NMLS license, but it doesn’t currently have a rating with the Better Business Bureau.

In Conclusion

CashOutEquity.com has a narrow focus, which is ideal for people who are specifically looking at cash-out refinance options for their mortgage. Many other marketplaces in the space spread themselves thin by trying to cover every base. It also offers a mortgage purchase loan if necessary.

CashOutEquity.com works with reputable lenders. You just need to spend a couple of minutes filling out the simple online form, and you can see the wide range of lending options. This saves you time and energy as you don’t have to search through each lending option individually.

Brand Disclaimer

The actual interest rate, APR and payment you are offered may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Lenders.