Your next chapter may start with your equity.
A cash-out refinance replaces your current mortgage with a larger loan and provides eligible proceeds at closing. Review the costs and risks before using your home equity.
Start with your goals.
Homeowners evaluating eligible equity access for a specific financial goal.
- Estimate available equity after loan-to-value limits and costs.
- Compare the new payment with your existing mortgage.
- Discuss alternatives before replacing a favorable current rate.
What to consider.
- Your home secures the loan; failure to repay may lead to foreclosure.
- Taking cash out increases debt and can increase payment and total interest.
- Consolidating unsecured debt into a mortgage puts your home at risk.
From questions to a plan.
- Define the purpose and amount of cash needed.
- Review value, balance, eligible equity, and alternatives.
- Compare costs, new rate, and repayment plans.
Have a specific scenario?
Rates, fees, eligibility, and available programs depend on your financial circumstances, the property, and the lender. Request a personalized discussion rather than relying on a general program description.
Read the CFPB’s loan guideGood questions.
Clear answers.
Mortgages come with questions.
Let’s start with the ones on your mind.
Should I get preapproved before finding a home?
Starting early helps you understand your budget and identify documentation needs. A lender may issue a conditional preapproval after reviewing your information. Final approval still depends on underwriting, the property, and other conditions.
What is the difference between prequalification and preapproval?
Prequalification generally uses information you provide to give an initial picture. Preapproval typically includes a more detailed review of credit and documentation. Requirements vary by lender, and neither is an unconditional commitment to lend.
What does an independent mortgage broker do?
A broker helps you compare eligible loans from multiple lenders and guides the process. Compare the interest rate, APR, fees, term, and total payment. Ask how the broker is compensated and which lenders are being considered.
What documents will I need?
Depending on your circumstances, a lender may request income records, pay statements, bank statements, tax returns, identification, and information about other properties. Send sensitive documents only through the verified secure application portal.
Will requesting a quote affect my credit?
This website inquiry does not request your Social Security number or pull credit. A later application may require a credit review with the appropriate authorization. Ask what type of credit inquiry is required before proceeding.
How do I know whether refinancing makes sense?
Compare closing costs, payment changes, break-even time, remaining term, and total interest. A lower payment alone does not establish savings. Our refinance calculator is a starting point for a full loan comparison.
Let’s find your
way home.
A real conversation. A clearer plan. A mortgage that fits your life.