Cash-Out Refinance for Debt

A cash-out refinance pays off your existing mortgage and gives you a new, larger loan - you receive the difference in cash at closing, subject to equity and credit guidelines.

Many homeowners use cash-out proceeds to pay off higher-interest credit cards or personal loans. One payment can simplify budgeting, but you are converting unsecured debt to debt secured by your home.

We will walk through closing costs, break-even timing, and alternatives (HELOC, personal loans) so you can decide with a full picture - not a sales pitch.