Cash-out refinance
Borrowing against home equity by replacing your mortgage with a larger one.
A cash-out refinance replaces your current mortgage with a larger loan and pays you the difference.
Homeowners use it for renovations, education, or to consolidate higher-interest debt.
Good to know
- The amount available depends on the home's value, your current balance and loan guidelines.
- A larger loan means a larger balance secured by your home.
- Compare the new rate and term with keeping your existing loan.
Questions to bring to Sapan
- How much equity could I access?
- How would my payment and total interest change?
- Are there other ways to reach the same goal?
Program availability, terms and eligibility are confirmed with Sapan against current Secure Choice Lending guidelines and the states where he is licensed.