Up to 80% LTV. Rates from 5.5%. Close in 21 days.
Kitchen remodels, bathroom upgrades, additions. Rates beat construction loans by 3-5%.
Pay off 20% credit cards with a 6% mortgage rate. Save hundreds monthly, thousands every year.
Use equity as a down payment on rentals. Leverage your primary home to build a portfolio.
Fund your startup or scale an existing business. Rates beat SBA loans with more flexible terms.
College tuition, advanced degrees, certifications. Rates beat private student loans by 5-8%.
Build a financial safety net or cover unexpected medical costs at reasonable rates.
We appraise your home to determine current value, then subtract your mortgage balance to see how much you can access.
Decide how much you need. We can typically lend up to 80% of your home's value minus what you currently owe.
Your existing mortgage is paid off and replaced with a new, larger loan at current market rates.
At closing you receive the difference between your old and new loan as cash. Use it however you need.
Home equity rates of 6-8% beat credit cards (18-25%), personal loans (10-15%), and HELOCs (9-12%). Save thousands in interest.
Unlike variable-rate HELOCs, your rate is locked in. Budget with confidence knowing your payment won't change.
Borrow $50K, $100K, or more depending on your equity. Personal loans and credit cards can't match these amounts at these rates.
Mortgage interest may be tax deductible if used for home improvements. Consult your tax advisor for specific guidance.
"House appraised at $485k, owed $280k. Took out $75k for kitchen and master bath reno. New loan is $355k at 6.5%. Payment went from $1,890 to $2,515 but I have a brand new kitchen with quartz counters and custom cabinets. Credit union wanted 9.75% on a HELOC which would've been $731/month just for the $75k. This way it's all in one loan at a way better rate."
"Had $43k in credit card debt. Minimum payments were $1,240/month at 19-24% APR, mostly going to interest. Did a cash-out refi, pulled $45k at 6.8%. Paid off all the cards. Payment went from $1,680 to $2,180 ($500 more) but now I'm actually paying down principal. Cards would've taken me 27 years to pay off making minimums. This way I'll be debt-free when the house is paid off. Legitimately life-changing."
"Primary home worth $620k, owed $310k. Took out $125k at 6.75%. Used it for down payments on 2 rental properties. Rental 1: Bought for $340k, rents for $2,650, cash flows $420/month. Rental 2: Bought for $295k, rents for $2,300, cash flows $380/month. So I'm making $800/month from the rentals which more than covers the extra $865 on my primary mortgage. Leveraging equity to buy income-producing assets. This is how you build wealth."
Most lenders allow you to borrow up to 80% of your home's current value. If your home is worth $500K, you can borrow up to $400K total. Subtract your current mortgage to see your cash-out amount.
Yes, because you're borrowing more money. However, if you're consolidating high-interest debt, your total monthly debt payments may actually decrease. We'll show you exact numbers before you commit.
Cash-out refinancing replaces your mortgage with one new fixed-rate loan. HELOCs are second mortgages with variable rates. Cash-out typically has lower rates and fixed payments, but refinancing your entire loan.
See how much cash you can access and what your new payment would be.
Get a personalized quote in minutes.