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How a First-Time Homeowner Used a Cash-Out Refinance to Pay Off Debt and Invest in Her Home

July 31, 2025

Diona Hamilton from Oak Ridge, Tennessee, is a proud first-time homeowner — and now, thanks to a cash-out refinance with Loan Officer Aaron Rist through Homestead Financial Mortgage, she’s in a much stronger financial position.

 

“I bought a very old home and it’s got a bunch of things that need to be updated,” Diona explained. “The purpose of the loan was to not only pay off some debt to free up money, but also to put some money aside to afford some of those home repairs that need to be done sooner rather than later.”

In the end, Diona was able to eliminate debt and start home improvements, including repairs that were long overdue. What really made a difference for her, though, was the clarity and convenience that Homestead provided from the beginning.

She discovered Homestead Financial Mortgage after receiving a mailer that stood out from the rest. “The difference between yours and theirs was I liked that yours had a rough estimate of what my mortgage payment would be and the breakdown of the numbers,” she said. “I appreciated having that information in the mail without having to call in and answer questions just to know if I could afford it.”

When she reached out, Loan Officer Aaron took the time to walk her through everything she needed to know — no jargon, no confusion, just clear, consistent guidance.

“I’ve never done a refinance or anything — I don’t know the lingo, I don’t know the process — and I just feel like he held my hand through everything,” Diona shared. “He explained it on a level I could understand and kept me motivated to close it out and get it done.”

Thanks to Aaron and the Homestead team, what could have been an overwhelming experience turned into a seamless one — and Diona was able to take a major step forward in both her financial stability and her homeownership journey.

Want to explore a refinance or cash-out loan of your own?
📞 Contact Aaron today at (636) 590-7791 or find him here.

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— CEO, Jayson Hardie on Growth

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