Home Loans in 48 StatesARBOR Financial Group · NMLS #236669
Cash Out Refinance
A cash out refinance replaces your existing mortgage with a new loan, and puts the difference in your pocket at closing. One loan, lump sum, lower rate than a personal loan or credit card. ARBOR works with Conventional, FHA, VA, and Jumbo loan types across 150+ lenders, so you’re comparing real options, not just one bank’s offer.
Your home secures this loan.
400+ licensed loan officers · 48 states · 16 years in business
About 3 minutes. Comparing options won't affect your credit score.
Call today: 866-521-6488NMLS #236669 · Equal Housing Opportunity · NMLS Consumer Access
150+
Lenders shopped for your rate
80%
Of home value many lenders allow
620+
Credit score many lenders look for
Put Your Equity to Work
Fund a renovation that adds value to your home.
Consolidate high interest debt into one lower payment.
Cover tuition without touching retirement savings.
Handle a major expense on your terms.
Cash Out Basics
A cash out refinance replaces your existing mortgage with a new, larger loan, and you receive the difference in cash. It lets homeowners access their home equity without selling the home or taking out a second loan, so you keep a single mortgage while turning part of your equity into funds you can use.
Homeowners with significant equity who need funds for renovations, debt consolidation, college tuition, medical bills or major purchases can benefit from a cash out refinance. It suits borrowers who want to use their home's value for financial flexibility while replacing their current mortgage with one new loan.
You refinance your mortgage for more than you currently owe. The new loan pays off your existing balance, and the difference is paid to you as a lump sum that you can use for any financial purpose. Many lenders may let you borrow up to about 80% of your home's value, depending on the loan program.
Cash out refinance options include conventional, FHA, VA and jumbo loans. Each program has its own eligibility requirements, loan limits and benefits, and the right fit depends on your credit, your loan to value ratio (LTV) and how much equity you have. ARBOR compares these options across lenders for you.
A cash out refinance gives you access to cash from your home’s equity, potentially lower interest rates and a way to consolidate high interest debt. Mortgage rates are typically lower than rates on personal loans or credit cards, which can make it a cost effective way to borrow for large expenses.
If you have built equity in your home and need access to cash, a cash out refinance may be a smart financial move. A licensed ARBOR loan originator can compare it with other options, such as a HELOC, and help you choose the best solution for your needs.
Applicants should not assume that any debt will be eliminated by refinancing or paying on balances since the debts are consolidated into a new loan. Reduction in payments may reflect longer loan terms and your total finance charges may be higher over the life of the loan. The actual amount of savings may vary.
Why ARBOR
We help homeowners access their home equity through cash out refinancing. Whether you need funds for renovations, debt consolidation or major expenses, our mortgage experts provide personalized loan solutions and competitive rates.
From application to closing, we keep the refinancing process smooth, with access to top lenders and a wide range of loan options. Our team is focused on helping you make the most of your home's equity while gaining financial flexibility.
Ready to tap into your home's equity? Talk with ARBOR about your cash out refinance options today.
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FAQ
Answers to common questions about cash out refinancing, including how much equity you need, credit scores, rates, appraisals and timelines.
Still have questions?
Talk with a licensed ARBOR loan originator about your cash out refinance options.
866-521-6488[email protected]Browse all mortgage FAQsA cash out refinance is a refinance that replaces your existing home loan with a new, larger loan. The difference between the new loan amount and your remaining mortgage balance may be paid to you in cash, depending on your available equity and lender guidelines.
You replace your current mortgage with a new loan that is larger than your remaining balance. The new loan pays off the existing mortgage, and you may receive the remaining funds in cash at closing, based on the equity available in your property.
Many lenders may let you borrow up to about 80% of your home's value with a cash out refinance. The exact amount varies by loan program, property type and borrower qualifications, so the equity you need depends on how much cash you want to take out.
You can use cash out refinance funds for home renovations, debt consolidation, education expenses, investment opportunities or other major financial needs. The lump sum is paid to you at closing and can be used for any financial purpose.
In some cases, cash out refinance rates may be slightly higher than rates on a standard refinance. Rates vary with market conditions, your credit profile, the loan amount and lender guidelines, which is why comparing lenders matters.
Many lenders may look for a credit score of around 620 or higher, although requirements vary by lender and loan program. A stronger credit profile may improve your approval chances and the loan terms you are offered.
In some cases, yes. Some lenders may allow a cash out refinance on an investment property, depending on your financial profile, your available equity and the lender's loan program guidelines.
The timeline for a cash out refinance varies depending on your documentation requirements, the property appraisal and the underwriting review.
Many lenders may require a home appraisal for a cash out refinance. The appraisal determines the current value of your property and confirms how much equity is available to borrow against.
A cash out refinance may be worth considering if you want to access your home equity while refinancing your mortgage. A licensed ARBOR loan originator can review your financial goals and help you decide whether it is the right option for your situation.
*Important notice: By refinancing your existing loan, your total finance charges may be higher over the life of the loan. The content provided within this website is presented for information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply. ARBOR Financial Group is not affiliated with an agency of the federal government, HUD or FHA. THIS IS NOT A GOVERNMENT DOCUMENT. HUD or FHA did not distribute or approve this material.
