Cash Out Refinance

Cash-out refinancing lets you access the equity in your home and get cash at closing. The existing home mortgage and any liens on the property are paid off and replaced with a new mortgage.

A refinance with cash out is an alternative to a home equity loan, also known as a “second mortgage,” because it’s a lien on your home like your existing mortgage.

A cash-out refinance comes with closing costs comparable to your first mortgage. You may also be eligible for a Smart Refinance, another cash-out refinance option with a no-closing-cost option.

Types of Cash-out Refinance

Achieve all your goals and aspirations; with the right kind of help, exactly when you need it.

Conventional Cash-out Refinancing

A conventional cash-out refinance is typically easier to obtain than an FHA or VA refinance, both of which have special eligibility guidelines. Even so, conventional cash-out refinances still have income and credit score requirements.

VA Cash-out Refinancing | FHA Cash-out Refinancing

If you qualify, government-backed FHA and VA cash-out refinances offer lucrative terms.

Features of Cash-out Refinance

All loans are not created equal, debt consolidation loan has become a great option for people to use.

Access funds to meet goals

Pay for college, renovate your home – there’s a lot you can do with a cash-out refinance.

Consolidate debt and simplify

Consolidate credit card balances, auto loans, student loans and other debt into a single monthly payment.

Get a better rate

Take advantage of competitive rates for an economical way to fund major purchases and other needs.

Home Improvement

Make home improvements to increase the value of your home, pay for college tuition, pay off high-interest credit card debt, or buy a vacation home.