Cash Out Refinance

Cash-out refinances are viewed to have an added risk factor compared to rate & term refinances or purchases attributed to the increase in the loan amount based on the value of the property.

  • A lump sum of money at closing for use based on program requirements.
  • Typically interest rates are lower on cash out refinance loans compared to home equity loans.
  • Tax benefit if proceeds of loan are used to pay off debt which interest is not tax deductible.*


Not all applicants will qualify. Please meet with a licensed loan originator for more information. Rates, fees, terms, and programs are subject to change without notice. Not all loans, loan sizes, or products may apply. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet loan-to-value requirements, and final credit approval. Approvals are subject to underwriting guidelines and program guidelines and are subject to change without notice.

*Consult your financial/tax advisor and appropriate government agencies for any effect on taxes or government benefits.