Cash-out refinance
Your equity, redeployed.
Turn equity into capital for renovations, investments, or retiring expensive debt, quoted honestly against the HELOC alternative so your low rate is only replaced when replacing it wins.
Program snapshot
Cash-out at a glance
- Leverage
- typically to 80% of value
- Programs
- conv, FHA, VA, Non-QM, DSCR
- Consolidation
- priced with the trade named
- The alternative
- HELOC quoted beside it
- Occupancy
- primary, second, rentals
Cash-out refinancing depends on equity, credit, and program terms, which change without notice. Not an offer or approval.
Equity is an asset. Treat deploying it like a decision.
We broker dozens of wholesale lenders and quote the cash-out against its alternatives on every file, because the honest comparison is the product.
80%
of your home's value, typically
Equity into capital, one loan
A cash-out refinance replaces your mortgage with a larger one and hands you the difference: one loan, one payment, and cash measured in real money. Conventional runs to 80% of value, VA-eligible borrowers can reach higher.
- One payment instead of loan-plus-line
- Conventional, FHA, VA, and Non-QM routes
- Rentals cash out too, DSCR included
vs
the HELOC, quoted side by side
We check the other path first
If your current rate is low, replacing the whole loan is expensive and a second lien often wins on blended math. We quote both against each other on every file, because the right answer depends on your rate, not our preference.
- Blended-rate math run before you commit
- Low first rate? The HELOC may win
- High first rate? Cash-out kills two birds
22%+
is what cards charge. You're not a card.
Consolidation with a conscience
Rolling expensive debt into home-priced money can free up serious monthly cash flow. We price it honestly: the payment relief is real, and so is converting unsecured debt into debt secured by your home.
- One payment replaces the juggling act
- Home-priced rates on card-priced debt
- The trade named out loud, every time
What the cash actually does
Four jobs equity does well, priced without the sales gloss.
The consolidation deep-dive
Bring the balances and their payments and we'll show the before-and-after: total monthly outlay, blended cost, and what stretching the term really costs over time. If the numbers argue for a HELOC or against consolidating at all, that's what we'll tell you. Our home equity calculator runs the same math free.
Renovations that outrun their cost
Kitchens, additions, and ADUs funded at mortgage pricing, with the finished value often recovering part of the spend. For staged projects, compare against a renovation loan or a HELOC's draw structure; we quote whichever fits the build.
Investors: cash-out with no income docs
DSCR cash-out refinances pull equity from rentals based on the property's rent alone, the standing BRRRR exit and the fastest way to turn one door's equity into the next one's down payment.
Reserves, opportunities, and breathing room
Sometimes the cash isn't for a project, it's for position: reserves that let you sleep, a buy-in that won't wait, tuition that beats borrowing unsecured. Equity is an asset; deploying it deliberately is the whole point.
From locked-up equity to working capital.
- 1
Tell us the goal and the numbers
What the cash is for, what you owe, and what the home is worth. The purpose shapes the right structure.
- 2
We quote both paths
Cash-out against the HELOC and home equity loan alternatives, blended math included, across dozens of lenders.
- 3
Close and deploy
Funds land as one clean sum, your old loan is gone, and the plan that needed capital has it.
The quick eligibility check.
- Typically up to 80% of value
- VA cash-out can reach higher
- Conventional, FHA, VA, and Non-QM
- DSCR cash-out for rentals
- Bank statement options for the self-employed
- Always quoted against the HELOC
Guarding a low first-mortgage rate? The HELOC and home equity loan page is the other half of this decision, and the home equity calculator settles it with your own numbers.
Straight answers
How much cash can I actually get?
Most programs lend to 80% of your home's value, minus what you owe. VA-eligible borrowers can reach higher, and investor DSCR programs have their own tiers. On a $500,000 home with a $250,000 balance, 80% means up to about $150,000 before costs.
Should I do a cash-out or a HELOC?
It hinges on your current rate. If you locked low, replacing the whole mortgage at today's rates is expensive and a second lien usually wins on blended math. If your rate is already high, one new loan can improve the rate and free the cash together. We quote both on every file, and our home equity calculator shows the same comparison free.
Is consolidating credit cards into my mortgage smart?
It's powerful, and it deserves respect. The monthly relief is usually dramatic and the rate difference is enormous. The trades: unsecured debt becomes secured by your home, and a lower payment stretched over decades can cost more in total. We show both sides in writing, and if the math argues against it, we say so.
Can I pull cash out of a rental property?
Yes, and often without personal income documents: DSCR cash-out refinances qualify on the property's rent against its payment. It's the standard BRRRR exit and the engine of most portfolio growth.
Are cash-out rates higher than regular refinance rates?
Somewhat, yes. Pulling equity adds pricing adjustments, which is exactly why the HELOC comparison matters and why we shop the file across dozens of lenders instead of accepting one shelf price.
How soon after buying can I cash out?
Most conventional programs want six months of ownership, with exceptions like delayed financing for cash purchases. Investor programs vary. Tell us the timeline and we'll route the file to lenders whose seasoning rules fit it.
The equity's been sitting there. Put it on the payroll.
Two minutes to send your scenario. No cost, no obligation, and both paths, cash-out and second lien, quoted side by side.
Guthix Lending • NMLS# 2672037 · Cash-out refinancing replaces your existing mortgage with a new, larger loan secured by your home and is subject to equity, credit, seasoning, and program requirements, which vary and change without notice; maximum loan-to-value varies by program and occupancy. Consolidating other debts converts unsecured debt into debt secured by your home and may increase total costs over the life of the loan. Card-rate references are market observations, not comparisons to any specific account. Investor cash-out programs are business-purpose loans. Not all borrowers will qualify. This is not a commitment to lend or an offer of specific terms.