Your home has been earning.
Time to collect.
Every payment and every year of rising value has built equity in your home. A cash-out refinance replaces your current mortgage with a larger one — and hands you the difference in cash, at mortgage rates instead of credit-card rates.
How much cash can you take out?
Most programs allow you to borrow up to 80% of your home’s appraised value.
Example: a $500,000 home × 80% = $400,000 max loan. Subtract a $280,000 balance and you could access up to $120,000 in cash.
What homeowners use it for
🔧 Renovations & Repairs
Reinvest equity into the property itself — kitchens, roofs, additions. You often raise the home’s value while borrowing at mortgage rates.
💳 Debt Consolidation
Roll high-interest credit cards and personal loans into one lower-rate payment. One bill, one rate, real breathing room.
📈 Investments & Big Goals
Fund a rental property down payment, a business, or education. Investors: pair with a DSCR loan to keep scaling.
Worth knowing before you decide
Your loan gets bigger
You’re borrowing more against your home, so your payment or payoff timeline may increase. We’ll model it so there are no surprises.
Closing costs apply
Like any refinance, expect roughly 2–5% in costs — often rolled into the loan. The break-even math still matters; see the refinance guide.
Rate matters
Cash-out rates run slightly higher than rate-and-term refis. Compare against alternatives — sometimes keeping your current loan is the right call, and we’ll say so.
Find out what your equity can do
Tell us your home value, balance, and goal. We’ll show your available cash, your new payment, and whether cash-out beats the alternatives — in plain English.
Start My Equity Review
Book a Consultation
Curious first? Run numbers in the calculator, check today’s rates, or learn more in the Learning Center.