Frequently Asked Questions

A: Yes. Cash Now Refi is a division of Meridian Home Mortgage Corporation, a brokerage firm in Hampstead, Maryland. We are not affiliated with any banks or lenders so you can rest assured knowing that we are working on your behalf.

A : An appraisal fee, normally $350 - $450 that's paid directly to the real estate appraiser, is usually the only out of pocket expense prior to your loan closing. The rest of the fees and closing costs associated with your new loan can be financed into the loan amount.

A: If you’ve been pre-qualified, that simply means that based on information in your credit report, you meet basic criteria for our refinancing program. It works in the same manner that credit card companies and insurance companies use when sending you offers that say you’re pre-approved.

A: We establish certain legally specified criteria, like a minimum credit score, and ask a consumer reporting company for a list of people in the company’s database who meet the criteria.

A: No. As much as we would like to get a check to you today, income verification and a home appraisal may be necessary. However, Cash Now Refi has an extremely high 96% approval rate on our loan refinance applications.

A: No. It is unlawful for anyone to pull your credit without your authorization. We will only pull your credit report when you give us permission when working with one of our loan officers so we can get you the best rate and terms possible. Again, this will only be done with your authorization.

A: No. There will be “inquiries” on your credit report showing that we obtained your information for prescreening, but those inquiries will not have a negative effect on your credit report or credit score. For more, go to the Federal Trade Commission's website.

A: No. This program is not connected to the sub-prime mortgage sector and is designed to include all homeowners, including those with less than perfect credit.

A: No. There are absolutely no application fees and no bank "runaround". There is no cost or obligation to find out what we can do for you.

A: Don’t worry. You don’t need perfect credit to refinance. If you received an offer from us that says you’re pre-qualified, you already meet our minimum credit requirements. We just need to verify your income and your equity and we’ll do everything we can to get you approved through our network of lenders. We’re here to help you.

A: Yes, you will need an appraisal, but Cash Now Refi will guide you through the process so you can relax and take it easy.

A:No. Always do your best to make your monthly payments on time while we process your loan. However, if you have special circumstances, please let us know.

A: Your kitchen table! Cash Now Refi provides IN HOME CLOSINGS at no extra charge. You can close any time between 9 AM and 9 PM, Monday through Friday. If you have special circumstances, let us know and we'll do everything we can to accommodate you.

A: Cash Now Refi is the fastest and easiest way to get your money. We have all the latest technologies allowing us to close loans in as little as 7 to 10 business days (average is 14-30 days). You’ll receive your funds within 7 days from the date you close.

A: We don’t want to send offers to anyone who may not be interested in refinancing so we would glad to remove you from our mailing list right away. Just click here and we will make sure you’re not included on any more mailings.

A: You have two choices: You can opt out of receiving them for five years or opt out of receiving them permanently.

Call toll-free 1-888-5-OPTOUT (1-888-567-8688) or visit www.optoutprescreen.com for details. The telephone number and website are operated by the major consumer reporting companies. When you call or visit the website, you’ll be asked to provide certain personal information, including your home telephone number, name, Social Security number, and date of birth. The information you provide is confidential and will be used only to process your request to opt out.

Remember that if you have joint credit relationships, like a mortgage or a car loan with a spouse, partner, or other adult, you may continue to receive some prescreened solicitations until both of you exercise your opt-out right.