Cash-Out Refinance

What is it?

With this refinance program, homeowners can swap their current home loan for a new one that converts part of their home equity into cash. It's a great solution to update and improve the home they've lived in for years!

  • Ideal for homeowners who have at least 20% equity in their home
  • Allows the homeowner to borrow extra money to pay for renovations, plus potentially lock an all-time low mortgage rate for lower monthly payments*
  • No restrictions on DIY work – Licensed/bonded contractors NOT required

* While refinancing can make a significant difference in the amount paid each month, financing costs may be higher over the life of the loan.

  • Cash-out finds can also be used for any purpose – like dream vacations, debt consolidation, and other investment opportunities. But renovations can boost your home value to help build more equity.

Loan Types

Additional restrictions, requirements and underwriting conditions may apply. Speak with your loan officer for details.

Interested in a Cash-Out Refinance? Contact us today or Get Started here.