Cash-Out Refinance
Replace your current mortgage with a larger one and receive the difference as cash. One loan, one payment, and access to your home's equity at mortgage rates instead of credit card rates.
How Cash-Out Refi Works
Your home is worth more than you owe. A cash-out refinance replaces your existing mortgage with a new, larger loan and gives you the difference in cash. You end up with one mortgage payment — often at a better rate than a HELOC or personal loan.
Cash-Out vs. HELOC vs. Home Equity Loan
Cash-out replaces your first mortgage entirely — one loan, one payment. A HELOC or home equity loan sits on top of your existing mortgage as a second lien. The right choice depends on your current rate, how much equity you have, and what you plan to do with the funds. I'll show you the math on all three.
Typical Requirements
Most lenders allow up to 80% loan-to-value on a cash-out refi (meaning you keep at least 20% equity). VA borrowers may go up to 100%. Credit score requirements start around 620 for conventional, lower for FHA. I'll find the best program for your profile.
Ready to Get Started?
Fill out our quick form or schedule a call to discuss your options.