Success Story: Cash-Out Refinance for Debt Consolidation and Savings

Success Story


We recently helped a family secure a 7-year loan against the equity in their home for debt consolidation and other personal reasons.

They’ve had the property for nearly 30 years and already owned it Free & Clear.

However, the family was in a situation where they needed cash to bring their property taxes current and also keep a large cash savings for future family and home expenses.

Through the refinance, the property taxes, homeowners insurance, and a small personal loan were all paid directly from the escrow company. The family also received the rest of the loan proceeds (cash-out) for their own savings.


  • The title to the property was held in a family trust with multiple owners.
  • Property taxes were delinquent.
  • There was an urgency to close as quickly as possible.


  • The property is located in a very desirable area and the home is in excellent condition.
  • The property was owned free and clear with a lot of equity
  • The requested loan amount was less than 25% of the current market value of the property. (Under 25% Loan-to-Value ratio) The family therefore kept approximately 75% equity in their property at the time of closing.
  • Good overall credit history with no major debts outstanding.

Exit Strategy:

This loan is expected to be paid off when the home is sold in the near future. (An exit strategy is how the borrowers plan to pay off the loan in full.)


Do you know someone in a similar situation?

If you’re in a similar situation – or you know someone who is – please contact us to discuss your loan options. One of our licensed mortgage professionals will review your scenario and give you straight-forward advice about your financing options.

We won’t waste your time – we’ll let you know right up-front if your scenario makes sense or not.

Click Here to submit your question now.

You may also call our office during normal business hours at (707) 523-2900.

Note: Your privacy is important to us, so your conversation with our loan expert is completely confidential. There’s absolutely no cost and no commitment for your pre-qualification.


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