Looking to use your equity to payoff debt, make home improvements,
or get extra cash? 


Your home's equity can be a smart place to get cash when you need it. Refinancing your current mortgage and tapping into your equity can be the most cost effective way to borrow, regardless of the reason you need cash. It can also be an option to consolidate all of your debt into one low monthly payment.

Home Improvements

Instead of financing projects with high credit card interest or taking out a second mortgage, trade the equity in your home for some cash. You can borrow up to 80% of your home's value. After closing, you’ll receive a check based on the difference between your payoff, closing costs, and the new loan amount.

Debt Consolidation

Mortgage rates remain consistently low while credit card and other interests rates can soar. Use the equity in your home to pay off your existing mortgage, and then we’ll give you options to pay off other additional debts. We pay those debts off on your behalf at the closing table, and you’ll have one low, fixed payment.

Cash Out

With our simple cash-out refinance option, you can borrow up to 80% of your home's value to use towards whatever you wish. The amount you can receive is based on the difference between your payoff, closing costs, and the new loan amount. You’ll receive a check at closing, simple as that.

Refinance Tools

Determine when

to refinance

Competitive and

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Need expert advice?

Local Mortgage Inc. 

8295 Tournament Drive Suite 150

Memphis, TN 38125

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