Cash-Out Refinance
Replace your mortgage with a larger one and receive the difference as cash — use it for anything you need.
Overview
A cash-out refinance replaces your existing mortgage with a new, larger loan and gives you the difference in cash at closing. It's one of the most popular ways to access home equity for renovations, debt consolidation, education, investments, or emergency funds. You get a potentially lower rate on your mortgage AND access to a lump sum.
Who Is This For?
- Homeowners with significant equity who need cash
- Borrowers consolidating high-interest debt
- Homeowners funding major renovations or home improvements
- Real estate investors pulling equity for new acquisitions
Recommended Programs
Loan programs that fit this buying scenario.
The Buying Process
What to expect from pre-approval to closing.
Determine Your Equity
We estimate your home value and calculate available equity.
Choose Your Amount
Decide how much cash you need — typically up to 80% LTV.
Close & Receive Funds
New mortgage replaces the old one. Cash delivered at closing.
Frequently Asked Questions
Most conventional programs allow cash-out up to 80% of your home's value minus your current loan balance. VA allows up to 100% in some cases.