Cash-out refinance
Your house is money.
Why unlock it
What homeowners do with it.
Pay off high-interest debt
Credit cards and personal loans routinely cost 3–5× what mortgage money does. One payoff, one payment.
Fund the renovation
Kitchens, roofs, additions — put the house's own value to work growing the house's value.
Keep one simple payment
It's a refinance, not a second loan. Your mortgage and your cash-out ride in a single monthly payment.
Three steps
House to cash, in three moves.
Answer five questions
Home value, balance, credit ballpark, ZIP, and where to reach you. 60 seconds, no documents, no hard credit pull.
Get your real number
A licensed loan specialist calls within one business hour to confirm your estimate and walk through your options.
Close it online
Upload your documents and e-sign from any device. Most cash-out refinances close in 30–45 days.
Straight answers
Common questions
You replace your existing mortgage with a new, larger loan and receive the difference in cash at closing. It's one loan and one monthly payment — unlike a home equity loan or HELOC, which add a second loan on top of your current mortgage.
It depends on your home's appraised value, what you still owe, and the loan program. Conventional loans typically allow a new loan up to 80% of your home's value — the estimate on this page uses that same 80% assumption. Your cash is roughly the new loan amount minus your current balance and closing costs.
Yes — a cash-out refinance replaces your existing loan, so the new loan carries a new rate based on today's market and your profile. If you have a low rate you want to keep, tell your loan specialist: they'll walk through the trade-offs and alternatives so you can compare honestly.
Most cash-out refinances close in roughly 30 to 45 days. Uploading your documents and completing tasks online — which you can do from any device — is usually what keeps a closing on the fast end of that range.
Loan proceeds are borrowed money, not income, so the cash itself is generally not taxable. Whether the interest is deductible depends on how you use the funds and current tax law — talk to a tax professional about your situation.