Cash-Out Refinance
Refinance your existing mortgage and get cash out at the same time. Access your home's equity while potentially lowering your interest rate.
Why Choose Cash-Out Refinancing?
Combine the benefits of refinancing with access to your home's equity in one convenient loan.
Replace your current mortgage with a new one and get cash out for any purpose.
Potentially lower your interest rate while accessing your equity in one transaction.
Simplify your finances with just one mortgage payment instead of multiple loans.
Cash-Out Refinance Benefits
- Access up to 80% of your home's value minus your current mortgage balance
- Potentially lower interest rate than your current mortgage
- Fixed-rate options available for predictable payments
- Tax-deductible interest when used for home improvements
- Single closing process saves time and money
- • Major home renovations
- • Debt consolidation
- • Investment opportunities
- • Large purchases
- • Emergency expenses
- • Good credit score
- • Stable income
- • Sufficient home equity
- • Debt-to-income ratio
- • Property appraisal
How Cash-Out Refinancing Works
Understanding the cash-out refinance process and what to expect.
Apply & Get Approved
Submit your application and get pre-approved for your new loan amount with cash out.
Home Appraisal
Professional appraisal determines your home's current value and available equity.
Close & Get Cash
Close on your new mortgage and receive your cash out at closing.
Cash-Out Refinance vs. Other Options
- Replace current mortgage
- One monthly payment
- Potentially lower rate
- Lump sum cash out
- Keep current mortgage
- Two monthly payments
- Fixed interest rate
- Lump sum funding
- Keep current mortgage
- Two monthly payments
- Variable interest rate
- Revolving credit line
Ready to Refinance and Get Cash Out?
Discover how much you could save and access with a cash-out refinance. Get your personalized quote today.