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.
*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.