Patrick Jones

F&M Mortgage

  • About Patrick
  • Reviews
  • Blog
  • Resources
    • First Time Home Buyer Tips
    • First Time Home Seller Tips
    • Closing Costs
    • Home Appraisal
    • Home Inspection
    • Loan Checklist
    • Loan Process
    • Loan Programs
    • Mortgage Glossary
    • Mortgage FAQ
  • Download My App
  • Contact
You are here: Home / Archives for Cash Out

Taxes And A Cash-Out Refinance: What To Know

April 13, 2022 by Patrick Jones

If you decide to go through the refinancing process, there are several options available. One of the most popular options is a cash-out refinance. Essentially, you capitalize on the difference between current interest rates and the interest rate on your home loan to keep your payments the same while also drawing equity out of your home in the form of cash. You can use this money to fund your retirement, complete home repairs, or do a renovation project. Even though you can do just about anything you want with this cash, what do you need to know about a cash-out refinance and taxes?

Filed Under: Mortgage Tagged With: Cash Out, Mortgage, Refinance

Over 5 Trillion Dollars In Home Equity May Lead To More Cash Out Transactions

March 27, 2018 by Patrick Jones

US homeowners now have over 5 trillion dollars in home equity which is a very large amount of money! So this year may be the year for a lot of cash out refinances and other home equity mortgage products. Most often, when you are purchasing a home, you are buying at or below the appraised value and you are making a down payment.

Filed Under: Mortgage Tagged With: Cash Out, Home Equity, Mortgage

Patrick Jones Headshot

Contact Me


Vice President/Mortgage Lender
Call 615.668.6838
Email: patrick.jones@myfmbank.com
patrickjoneshomeloans.com
NMLS #203203
F&M Mortgage Logo
 APPLY NOW

Connect with Patrick!

Get in Touch!

Browse Articles by Category

Recent Articles

  • What Fees Are Involved With a Reverse Mortgage? Let’s Take a Look
  • Use A Fixer-Upper Mortgage To Expand Your Options
  • What’s Ahead For Mortgage Rates This Week – May 16, 2022
  • Wondering How Much Mortgage You Can Afford? Here’s How to Calculate It
Patrick Jones NMLS# 203203
F&M Mortgage NMLS# 518158
Equal Housing Lender

Looking for something?

Our Location


1639 Medical Center Pkwy
Murfreesboro, TN 37129

Copyright © 2022 · Powered by MySMARTblog