Cash out refinance
Your house is money.
Why unlock it
What homeowners do with it.
Pay off high-interest debt
Credit cards and personal loans routinely cost 3–5× what a mortgage costs. One payoff, one payment.
Fund the renovation
Kitchens, roofs, additions — put the house's own value to work growing the house's value.
Keep one simple payment
It's a refinance, not a second loan. Your mortgage and your cash out ride in a single monthly payment.
Three steps
House to cash, in three moves.
Answer five simple questions
Home value, balance, credit range, ZIP, and where to reach you. 60 seconds, no documents, no hard credit pull.
Get your real estimate
A licensed mortgage specialist calls or texts you promptly to confirm your estimate and walk you through all your options.
Close it online
Upload your documents and e-sign from any device. Most cash out refinances with us close fast, in approx. 15–30 days.
Straight answers
Common questions
You replace your existing mortgage with a new, larger loan and receive the difference in cash at closing. It's one loan and one monthly payment — unlike a home equity loan or HELOC, which add a second loan on top of your current mortgage.
Most people looking for cash to pay off or consolidate debts, do renovations, and so on are usually much better served by taking cash out of their home: other ways of accessing capital can carry very high interest rates and bad or variable terms. A cash out refi may also give many people the opportunity to lower their blended interest rate across all their debts. There's a reason it is one of the most popular ways millions of us access cash and equity.
It depends on many factors, such as your home's appraised value, what you still owe on your home, and the mortgage program. Some mortgage programs allow a new loan up to 100% of your home's value, while others max out at 80% of your home's value. Your cash out amount is roughly the new mortgage amount minus your current balance and closing costs.
Yes — a cash out refinance replaces your existing mortgage, so the new mortgage carries a new rate based on today's market and your profile. If you currently have a low rate you want to keep, tell your mortgage specialist: they'll walk through the trade-offs and alternatives so you can compare honestly. We look at your total debt and calculate a blended rate — even with a potentially higher mortgage rate, paying off high-interest debt can still be very advantageous.
Most cash out refinances with us close fast, in approx. 15–30 days. Uploading your documents and completing tasks online — which you can do from any device — is usually what keeps a closing on the fast end of that range.
Cash out refinance proceeds are borrowed money, not income, so the cash itself is generally not taxable. Whether the interest is deductible depends on how you use the funds and current tax law — talk to a tax professional about your situation.
All loan types are eligible. This includes VA, FHA, Conventional, DSCR, Self Employed, Mobile home, and Non-QM loans.