Unlock Up to 89.99% of Your Equity Without Adding MI

Unlock Up to 89.99% of Your Equity Without Adding MI

Have you ever thought about tapping into your home’s equity but worried about mortgage insurance (MI) dragging down your monthly savings? We’ve got a game-changer for you: cash out 90%, a unique product that lets you access up to 89.99% of your home’s value without having to add mortgage insurance.

What Is Cash-Out Refinancing?

A cash-out refinance lets homeowners refinance their current mortgage for more than what they owe, pocketing the difference. Essentially, you’re taking a portion of your home’s equity, converting it into cash, and using it for whatever you need. Whether it’s consolidating high-interest debt or funding a dream vacation, cash-out refinancing offers financial flexibility.

But here’s where it gets even better—our cash out 90% product allows you to go as high as 89.99% LTV, which many big banks won’t offer. You’ll get more equity out of your home, all without the hassle of mortgage insurance (MI). That’s a win-win!

Why Choose Cash-Out 90%?

Let’s face it—accessing equity can be a headache. Most lenders cap cash-out refinances at 80% LTV, meaning you leave a lot of your home’s value on the table. With **cash out 90%**, you can unlock up to 89.99% of your home’s value. Imagine the financial freedom of having that extra cash in hand!

Not only do you get access to more of your equity, but you also avoid adding mortgage insurance. Yes, you heard that right—no PMI! That means fewer costs eating into your savings and lower monthly payments.

Who Qualifies for Cash-Out 90% Refinancing?

Before you jump in, there are a few qualifications to consider. The minimum FICO score is 680, and the loan amount must be within the conforming loan limits (we’ll get to that in a bit). LTV must be between 80.01% and 89.99%, and the property needs to be a primary residence. So, if you’ve been keeping your credit in check and your home fits the bill, you’re in a prime position to take advantage of this product.

APPLY TODAY FOR A CASHOUT REFINANCE UP TO 89.99% LTV with NO PMI

Understanding the 89.99% LTV Limit

Loan-to-value (LTV) measures how much you owe on your mortgage versus the current value of your home. Hitting that 89.99% LTV sweet spot means you’re getting the most out of your home’s equity, without crossing the threshold into costly mortgage insurance territory.

Key Benefits of No Mortgage Insurance

Let’s talk about MI for a sec. It’s an added cost that comes into play when you borrow more than 80% of your home’s value. Avoiding MI can save you hundreds each month, making cash out 90% even more appealing.

Using Cash-Out Refinancing for Debt Consolidation

Got high-interest credit cards or personal loans hanging over your head? A cash-out refinance can consolidate that debt into one lower-interest payment. With cash out 90%, you’ve got access to nearly all your home’s value, giving you plenty of room to wipe out those pesky balances and breathe a little easier.

Achieve Major Life Goals with Cash-Out Refinancing

Want to pay for your kid’s college? Maybe it’s time for that long-overdue kitchen renovation, or perhaps you’re planning that bucket-list vacation. Whatever your dreams may be, tapping into your home equity can help fund them. With cash out 90%, the sky’s the limit (well, 89.99%, but you get the point).

The Power of DU and LPA Approval

Worried about the approval process? Don’t be. With automated systems like Desktop Underwriter (DU) and Loan Product Advisor (LPA), the approval process is streamlined and quicker than ever. It’s all about saving you time and making things easier.

Paying Off Your First Lien Mortgage Faster

One of the coolest things about cash out 90% is that if you’re paying off your first lien mortgage, you only need 6 months of seasoning. Translation? You can get to the finish line faster and start enjoying the benefits of your refinance even sooner.

Conclusion

Unlocking your home’s equity doesn’t have to be complicated or expensive. With cash out 90%, you get access to up to 89.99% of your home’s value, no MI required. Whether you’re consolidating debt, planning for the future, or simply looking to free up cash, this product gives you the flexibility you need without all the hassle.

Want to learn more or get started? You can reach us by talking or texting at 916-570-6979, emailing us at hello@newwaymortgage.com, or scheduling an appointment at www.meetnewway.com. Also, don’t forget to check out and subscribe to our YouTube channel for more helpful mortgage tips at www.newwayhome.com! 😊