CASH OUT REFINANCE
Your house is
money.
What's your home worth?
Your best guess is fine — no appraisal needed.
No hard credit pull
60 seconds, five questions
No obligation — just a real estimate
What homeowners do with it.
Pay off high-interest debt
Credit cards and personal loans routinely cost 3-5x what a mortgage costs. One payoff, one payment.
Fund the renovation
Kitchens, roofs, additions - put the house's own value to work growing the house's value.
Keep one simple payment
It's a refinance, not a second loan. Your mortgage and your cash out ride in a single monthly payment.
THREE STEPS
House to cash, in three moves.
Answer three simple questions
Home value, balance, credit range, ZIP, and where to reach you. 60 seconds, no documents, no hard credit pull.
Get your real estimate
A licensed mortgage specialist calls or texts you promptly to confirm your estimate and walk you through all your options.
Close it online
Upload your documents and e-sign from any device. Most cash out refinances with us close fast, in approx. 15–30 days.
STRAIGHT ANSWERS
Common questions
What exactly is a cash out refinance?
You replace your existing mortgage with a new, larger loan and receive the difference in cash at closing. It's one loan and one monthly payment - unlike a home equity loan or HELOC, which add a second loan on top of your current mortgage.
Why should I do a cash out refi?
Most people looking for cash to pay off or consolidate debts, do renovations, and so on are usually much better served by taking cash out of their home: other ways of accessing capital can carry very high interest rates and bad or variable terms. A cash out refi may also give many people the opportunity to lower their blended interest rate across all their debts. There's a reason it is one of the most popular ways millions of us access cash and equity.
How much cash can I take out?
Most lenders allow you to borrow up to 80% of your home's appraised value, minus your existing mortgage balance. The exact amount depends on your home equity, credit profile, and the specific loan program you choose.
Will this change my current interest rate?
Yes. A cash out refinance replaces your current mortgage entirely with a new loan, meaning your new balance will carry current market interest rates. Many borrowers use this to lock in competitive fixed rates while consolidating higher-interest debts.
How long does it take to close?
Most cash out refinances close in approximately 15 to 30 days from application to funding, depending on how quickly documentation is provided and appraisal timing.
Is the cash I receive taxable?
No. In almost all cases, the money received from a cash out refinance is considered loan proceeds rather than taxable income, meaning you do not pay federal or state income tax on it.
What loan types are accepted?
All loan types are eligible. This includes VA, FHA, Conventional, DSCR, Self Employed, Mobile home, and Non-QM loans.
America's #1 Cashout Refi Company
Cash out refinance estimates for homeowners, in about a minute.
Barjam Holdings, LLC d/b/a CashOutRefi.com - CashOutRefi.com is operated by Barjam Holdings, LLC, which is not a lender and does not make mortgage loans. When you request an estimate and check the consent box, your information is referred to Mortgage One Funding, LLC NMLS ID #2261660, a licensed mortgage lender that may contact you by phone, text, AI, or email about your inquiry. You can opt out at any time. See Lending Partners and nmlsconsumeraccess.org.
Estimates are not an offer, approval, or commitment to lend. All loans are originated by Mortgage One Funding, LLC and are subject to credit approval, appraisal, and underwriting. Rates, fees, terms, and program availability vary by state and borrower qualifications and may change without notice. Not all applicants will qualify.
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