Refinancing and Home Equity
Cash-out refinance
Put eligible home equity toward your next priority.
Overview
Cash-out refinancing replaces your mortgage with a larger loan and pays out a portion of eligible equity at closing. Home improvements, major expenses and debt consolidation are common reasons to explore it.
The new rate applies to the entire refinanced balance, not just the cash received. Review closing costs, remaining equity and the repayment period before moving forward. Consolidating unsecured debts into a mortgage makes your home collateral; missed payments can put it at risk.
Solution highlights
- Access a portion of eligible home equity
- One replacement mortgage with a new repayment structure
- Compare cash-out with other available financing paths
Your home secures the debt and is at risk if payments are not made. A new rate and closing costs apply to the entire refinanced balance.
Program information is educational. Your team will confirm availability, eligibility, costs and terms for your state and situation. Not a commitment to lend.
Personal guidance. A clear next step.
Let’s see how this solution fits your plans.
Your team will help compare the options and put the numbers in context.