Replace your existing mortgage with a new one at today’s rate — and take the difference in cash. Consolidate debt, fund renovations, or invest. One loan. Two wins.
Competitive terms from 100+ wholesale lenders.
Most lenders allow up to 80% LTV on a cash-out refinance. So if your home is worth $700K and you owe $350K, you could access up to $210K in cash ($700K × 80% − $350K).
It depends on your current rate vs. today’s rates, your new balance, and your term. In many cases the payment stays similar or even decreases if you’re lowering your rate significantly.
Most lenders require you to have owned the property for at least 6 months before doing a cash-out refinance. Some require 12 months.
Yes, though the max LTV is typically lower (75%) and rates are slightly higher than on a primary residence.
There are no restrictions. Common uses include home improvements, debt consolidation, buying another property, business funding, or education.
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