Tap into your home's equity while refinancing your existing mortgage. Cash-out refinancing can provide funds for renovations, investments, debt consolidation, or other major expenses.
Benefits of a Cash-Out Refinance
- Access your equity as a lump sum at closing
- Consolidate higher-interest debt into one payment
- Fixed and adjustable-rate options available
- Primary residence, second home, and investment property options
Common Uses
- Home improvements and renovations
- Debt consolidation
- Down payment on an investment property
- Education expenses
- Major planned expenses
Compare Cash-Out Against a Second Mortgage
If your existing first mortgage carries a low rate, a second mortgage may cost you less than refinancing it. We'll compare both before you decide.