Loan program
Cash-Out Refinance
Replace your mortgage with a larger one and take the difference in cash.
A cash-out refinance replaces your current mortgage with a new, larger one — and gives you the difference in cash to use however you choose.
A cash-out refinance is one of the most flexible ways to tap home equity. You replace your existing mortgage with a new one for more than you currently owe, and pocket the difference in cash.
The new mortgage starts fresh with its own rate and term — typically 30 years fixed. That means a fixed monthly payment, no balloon, and a long runway to repay.
The most common uses: home improvements (often tax-deductible), high-interest debt consolidation, college tuition, business capital, and pulling equity to fund additional real estate investments.
What it gives you
Tap Home Equity
Convert equity into cash without selling the home.
Mortgage Rates < Credit Card Rates
Trade 22% credit card debt for a 7% mortgage and save thousands.
Tax-Deductible (Sometimes)
Interest may be deductible when funds are used for home improvements.
Fixed Long-Term Rate
Lock the new loan for 15–30 years with predictable payments.
How it runs, start to finish
- 1
Equity Analysis
We confirm you have enough equity for the cash-out target.
- 2
Apply
Full mortgage application — same docs as a purchase.
- 3
Appraise
Appraisal sets the new loan ceiling (typically 80% LTV).
- 4
Close & Receive Funds
Cash arrives at closing or shortly after.
Questions people ask about this one
How much can I cash out?
Typically up to 80% LTV on conventional. VA allows up to 90%. Jumbo varies by lender.
Are rates the same as a regular refi?
Cash-out rates are typically 0.25–0.5% higher than rate/term refi rates.
Can I cash out an investment property?
Yes — most lenders cap cash-out at 70–75% LTV on investment properties.
What can I use the money for?
Anything — home improvements, debt consolidation, college, business, real estate investment.
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The first step is a conversation, and it costs nothing.
No documents, no credit pull, no obligation afterwards. Just somebody explaining the part you are stuck on.
Or call(503) 555-0175and ask for whoever is free.
