Cash-out refinance

Refinance for more than you owe and take the difference in cash for improvements, debt payoff, or other needs.

Foto: Adobe Stock (free collection) · Adobe Stock standard license · asset 551589356 · licensed 2026-09-06 under the Chris Does Photos account

Nota: Página en español pendiente: esta página se publicará en español después de la revisión de un oficial de préstamo bilingüe. A continuación se muestra la versión en inglés.

Who it's for

Homeowners with meaningful equity and a use for the funds.

How it works

The new loan pays off the old one; the remaining amount is paid to you at closing.
Guidelines cap how much equity you can take out.

What you'll need

Equity
Income and credit documents
A stated purpose for the funds

Common questions

Is a cash-out rate higher?

Usually slightly, because the loan is larger relative to the home's value.

Por diseño, esta página no muestra tasas, APR, pagos ni porcentajes de pago inicial. Esas cifras solo se publican con la divulgación completa exigida por la Regulación Z.

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