Access Your Home Equity
Fund Your Financial Goals
Unlock the equity in your home to fund major expenses, consolidate debt, or invest in your future. A cash out refinance gives you access to your home's value at competitive rates.
Benefits of Cash Out Refinancing
Access your home's equity for major expenses while potentially lowering your interest rate and monthly payment.
Access Home Equity
Borrow up to 80% of your home's value, minus your current mortgage balance.
Lower Interest Rates
Mortgage rates are typically lower than credit cards, personal loans, or home equity lines.
Tax Benefits
Interest may be tax-deductible when used for home improvements or investments.
Flexible Use
Use the cash for home improvements, debt consolidation, education, or investments.
Common Uses for Cash Out Refinancing
Put your home equity to work for your financial goals and major life expenses.
Home Improvements
Renovate your kitchen, add a bathroom, or upgrade your home's energy efficiency. Home improvements often increase your property value and may qualify for tax deductions.
Debt Consolidation
Pay off high-interest credit cards, personal loans, or other debts with a lower-rate mortgage loan. This can save you thousands in interest payments.
Education Expenses
Fund college tuition, professional development, or other educational expenses for you or your family members.
Investment Opportunities
Invest in real estate, start a business, or make other strategic investments with your home equity at competitive rates.
How Cash Out Refinancing Works
Application & Home Valuation
Complete our application and we'll order a home appraisal to determine your property's current market value.
Equity Calculation
We calculate your available equity and determine how much cash you can access based on your loan-to-value ratio.
Loan Processing
We process your new loan, pay off your existing mortgage, and prepare the cash disbursement.
Closing & Cash Disbursement
Sign your new loan documents and receive your cash. The entire process typically takes 30-45 days.
Cash Out Refinance Requirements
Qualifying for a cash out refinance requires meeting specific criteria. Here's what you need to know:
Sufficient Equity
At least 20% equity in your home (80% maximum loan-to-value ratio)
Credit Score
Minimum 620 credit score, with higher scores qualifying for better rates
Debt-to-Income Ratio
DTI ratio of 45% or less, including the new mortgage payment
Seasoning Period
Must have owned the property for at least 6-12 months (varies by lender)
💡 Frequently Asked Questions
You can typically borrow up to 80% of your home's appraised value, minus your current mortgage balance. For example, if your home is worth $400,000 and you owe $200,000, you could potentially access up to $120,000 in cash.
Closing costs are similar to a regular refinance, typically 2-5% of your loan amount. These can often be rolled into your new loan, so you don't need to pay them out of pocket.
Interest may be tax-deductible when the cash is used for home improvements, but not for personal expenses like debt consolidation or vacations. Consult with a tax professional for specific advice.
The process typically takes 30-45 days, similar to a regular refinance. The timeline depends on appraisal scheduling, document collection, and underwriting review.
Ready to access your home equity?
Get a custom quote today — see how much cash you could access with a cash out refinance.