Cash Out Refinance
A cash-out refinance is a type of mortgage refinance where you borrow more than you owe on your current mortgage, and the difference is given to you in cash. This can be a great way to access the equity you've built up in your home, and use it for a variety of purposes.
Cash Out Refinancing
Refinance Mortgage Calculator
Apply for a mortgage
Use that extra cash to:
Pay off or consolidate debt
Fund home renovations and repairs
Pay for college tuition for yourself or your children
Start your own business or invest in the future
Additional benefits of a cash-out refinance may include:
- Lower interest rates than a personal loan or credit card
- No additional monthly payments
- Longer repayment terms
- No prepayment penalties
- The interest on a mortgage may be tax-deductible
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*Note: Any equity cashed out in refinance will increase mortgage balance owed on the loan.
Application approval is subject to complete underwriting review based on program guidelines; not all applicants may qualify. Limitations may apply. This is not a commitment to lend.
